Colette Kress leads Nvidia’s finance and corporate strategy, shaping the company’s financial engine amid the AI chip surge.
Nvidia has announced Jensen Huang has resigned as CEO after a board-led investigation into alleged foreign influence and personal misconduct. Colette Kress will serve as interim CEO as the company searches for a permanent successor. The affair with a Megaspeed executive, plus separate reports of a relationship with an Nvidia VP, have prompted scrutiny from U.S. officials and lawmakers.
Global markets have closed mixed as investors await Nvidia’s results and the Jackson Hole speeches, with oil pricing edging lower amid tensions over Iran and sanctions signals.
Nvidia has acquired a minority stake in Cloverleaf Infrastructure and has announced a partnership to help build data‑centre sites. The move follows Nvidia’s recent $1.5 billion investment in an Ohio data‑centre project and signals the company is directly financing and developing the power and site infrastructure that supports demand for its AI chips.
Nvidia has reported record quarterly revenue and profit, powered by demand for AI data-center chips. The company projects further gains, citing supply constraints and a booming AI market, while investors await next steps in its expansive AI economy strategy.
Nvidia has reported stronger-than-expected results, guiding to 70% revenue growth for fiscal 2028 amid robust AI demand. Amazon plans to buy 2 million Nvidia GPUs, underscoring sustained AI infrastructure buildout. Analysts note the market is reassessing hype around AI as Nvidia shows durable demand and a diversified customer base.
Nvidia has announced an independent board-led probe into Jensen Huang’s extramarital affair, amid US intelligence concerns that his associate engaged in espionage for Beijing. The company’s stock has fallen as shareholders and lawmakers seek clarity on national security risks and succession plans.
Nvidia’s Jensen Huang has disclosed that his succession plan will come from inside the company as scrutiny over his leadership grows amid reports of extramarital relationships and potential board actions. The NYT and WSJ reports have intensified market jitters as investors watch for a possible leadership change.
Nvidia has announced Jensen Huang has exited the role of chief executive following investigations into his conduct. Colette Kress has been named interim CEO as the board searches for a permanent successor. The departure weighs on the market and underscores regulatory and strategic shifts in the AI era.