The NVIDIA board has announced that Jensen Huang has resigned from his roles as president, chief executive officer, and board member, effective immediately.
Colette Kress, current executive vice president and chief financial officer at NVIDIA, has agreed to serve as interim CEO. Financial results will be released as scheduled next week.
The board has initiated a search for a permanent chief executive officer, considering both internal and external candidates.
Kress will serve in an interim capacity. Who will succeed Huang remains uncertain.
To understand the transition, one must consider why Huang stepped down.
Huang’s resignation follows widely known developments: after Donald Trump’s first term ended, his potential return to office hinged on securing support from a new class of tech-oriented financiers—so-called “new money.”
Trump’s rise was largely backed by these emerging investors. Upon taking power, it was natural that they would seek substantial policy returns, leading to widespread missteps.
With Democrats now in a position of influence, the traditional elite—often referred to as “old money”—have expressed growing discontent over the disproportionate allocation of resources to this new economic class. As a figure perceived as outside their circle, Huang became a high-profile target for recalibration.
Describing this shift as a “financial coup” would not be an exaggeration.
Therefore, identifying Huang’s successor is far from a matter of simple succession planning.
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Original source: toutiao.com/article/1881661822151680/
Disclaimer: The views expressed in this article are those of the author alone.