NVIDIA Board of Directors announced today that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately.
Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, has agreed to serve as Interim Chief Executive Officer. Kress will continue to serve as Executive Vice President and Chief Financial Officer while serving as Interim Chief Executive Officer until a permanent successor has been named. The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates.
I shared some thoughts on this yesterday.
I think the smuggling and the general desire to continue exporting to China is the key here, and that Alice Huang being a spy is bullshit. I think she’s a chip smuggler, something that the Chinese state has been trying to curtail, because it wants to develop its own domestic chip industry that’s no longer depended on Western chip manufacturers. That’s why millions of NVIDIA chips are currently quarantined at Hong Kong ports.
I think this is a fight between two factions of big capital, one that wants to constrain China and another that wants to continue profiting from China.
My immediate instinct here is that they want to replace him with someone directly tied to the state.
Yep, usher in their own Ellison for Nvidia.
oh boy the shareholders couped him , let the downfall begin! 🤣
Jensen’s contributions to NVIDIA are profound. NVIDIA is one of the most consequential technology companies in the world. The Board and the company thank Jensen for his immeasurable contributions to the company and the industry.
he literally cofounded NVIDIA 😂
