Overview
- The Nvidia board accepted Jensen Huang’s resignation on Thursday and named CFO Colette Kress as interim CEO while longtime director Harvey Jones became board chair.
- The board has launched an inquiry to determine whether Huang was the target of a foreign-intelligence operation after he acknowledged an extramarital affair.
- Megaspeed confirmed that Alice Huang left the company effective August 30, 2025 and said it has hired outside counsel for an internal review as Singapore and U.S. authorities continue export-control probes.
- Nvidia’s stock has fallen roughly one third from early-October highs, wiping out hundreds of billions in market value, and scrutiny has focused on board member Mark Stevens’s roughly $946 million in stock sales weeks before the crisis.
- A public petition with well over 100,000 signatures, backing from prominent tech figures and employee and investor letters are pressuring the board on succession and due process, raising questions about governance and U.S.–China tech policy consequences.