Nvidia CEO Jensen Huang Steps Down; CFO Assumes Interim Leadership

Nvidia's board of directors confirmed the departure of Jensen Huang, who has led the graphics processing unit manufacturer as chief executive. The company said Kress, who has served as CFO, will take on interim chief executive duties while the board conducts a search for a permanent replacement.

The leadership transition marks a significant development for Nvidia, one of the world's most valuable technology companies. Huang's tenure at the helm has been marked by the company's pivotal role in the artificial intelligence sector, particularly through its GPU technology that powers AI applications and data centers.

Kress brings extensive financial expertise to the interim role, having overseen Nvidia's fiscal operations during periods of substantial growth and market expansion. Her appointment reflects the board's confidence in internal leadership during the transition period.

The board has not specified a timeline for identifying a permanent chief executive or disclosed reasons for Huang's departure. Nvidia's shares and operations are expected to continue functioning under Kress's stewardship as the board works to fill the top position.