Jensen Huang Resigns From Nvidia as Shared Trusts Hold Most of His Reported $140B Stake
Colette Kress is serving as interim CEO while Nvidia searches for a permanent successor.
Nvidia co-founder Jensen Huang has resigned from the company, leaving the chipmaker in a leadership transition and raising questions about control of his reported $140 billion stake, held primarily in trusts shared with his wife.
His wife, Lori Huang, co-owns the trusts. Neither spouse can independently sell or manage the shares under that arrangement, making the trusts' control part of the transition.
Nvidia has appointed Colette Kress as interim CEO while it searches for a permanent successor. The board has yet to announce its choice, leaving Kress in the role during the search.
The leadership change has put Nvidia's strategic direction and stability under scrutiny. Huang's departure leaves two questions in focus: who will lead the company long term, and how the shared trusts will manage the stake.
Future board decisions and SEC filings are the next developments to watch as Nvidia continues its CEO search.