Jensen Huang has stepped down as Nvidia CEO effective immediately, and CFO Colette Kress has been appointed interim CEO. Nvidia shares fell around 10% in premarket trading.
Why it matters
The immediate leadership change puts Kress in charge of the chipmaker on an interim basis. Nvidia is a major supplier of processors used to train and run artificial intelligence systems.
Market impact
The premarket decline puts Nvidia's stock in focus as investors assess the change at the top. Premarket prices can differ from prices during the regular trading session.
Source: [source](https://webappcsdfedsssd.controller.bot/media/files/8336652911/AgACAgIAAxkBAAJcLGr1yt2ygdzSpohuYI6qahF1_YOaAALIHWsb_CCwS8Z0GbJ6RE-OAQADAgADeAADPQQ?sig=8NRkVQWA5sZAMjDup7IpDoaK9iEC0QruNEMXYuUmMPk)
Frequently asked questions
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Who is taking over Nvidia's leadership after Huang's departure?
Nvidia CFO Colette Kress has been appointed interim CEO.
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When did Jensen Huang step down as Nvidia CEO?
Huang stepped down effective immediately.
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How did Nvidia shares react in premarket trading?
Nvidia shares fell around 10% in premarket trading.
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What role did Colette Kress hold before becoming interim CEO?
Kress was Nvidia's chief financial officer.
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Why does Nvidia's leadership change matter to the AI industry?
Nvidia is a major supplier of processors used to train and run artificial intelligence systems.
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