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‘It had to happen’ — Jim Cramer on Jensen Huang’s resignation and future for Nvidia stock

CNBC ·

"There's way too much evidence," Jim said Thursday, moments after the news broke.

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Jensen Huang has resigned as Nvidia CEO, and Colette Kress was named interim CEO, according to Blockchain.News. The Financial Times reported his departure followed revelations of extramarital affairs, while the BBC said US lawmakers want to question him over whether one alleged relationship was with a Chinese spy. The New York Times reported that President Trump had urged Huang to fight for his job before he resigned.

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  1. CNNJim Cramer on Nvidia’s Jensen Huang: “He had to go”
  2. The Hill5 takeaways from Nvidia’s Jensen Huang scandalCorporate America is in the midst of its most dramatic scandal in years. Jensen Huang, the CEO and co-founder of Nvidia, resigned Thursday after admitting to one extramarital affair, with a woman suspected of being a Chinese agent, and amid new reporting of a second affair, this time with an Nvidia colleague. The vast company…
  3. PBS NewsHourWhat we know after Jensen Huang's resignation as Nvidia's CEONvidia announced Huang's resignation on Thursday, effective immediately. The California-based company said that Colette Kress — who has been Nvidia's chief financial officer and executive vice president since 2013 — will step into the role of interim CEO.
  4. Wired(subscription required)Jensen Huang Is Out. Will Nvidia’s Rivals Cash In?In a special episode of “Uncanny Valley,” we break down Jensen Huang’s resignation from Nvidia, what comes next for the company, and where the AI industry goes from here.
  5. CNBC‘It had to happen’ — Jim Cramer on Jensen Huang’s resignation and future for Nvidia stock"There's way too much evidence," Jim said Thursday, moments after the news broke.
  6. The VergeNvidia CEO Jensen Huang has resigned. What happens next?After the leather-jacketed CEO, president, and co-founder of Nvidia, Jensen Huang, acknowledged an affair with Megaspeed exec Alice Huang, his company initially announced an investigation. However, The New York Times reported on Wednesday that there was evidence of another affair, this time with an Nvidia executive who reported directly to him. A board meeting that
  7. EngadgetJensen Huang is out as NVIDIA CEOHe has held the position since the company's founding in 1993, but has recently been embroiled in an international scandal.
  8. ForbesJensen Huang Out At Nvidia After Affair ScandalsThe news comes after Nvidia shares plummeted more than 11% this week.
  9. Hacker NewsJensen Huang resigns
  10. Fox NewsSound off on Jensen Huang's resignation from NvidiaWhat's Nvidia's future after the resignation of CEO Jensen Huang amid scandals? Weigh in here!
  11. New York Times(subscription required)Nvidia Stock Tumbles After Jensen Huang Resigns as CEONews that the chipmaker’s chief executive, Jensen Huang, resigned drove Nvidia’s stock down, though the broader market rose slightly.
  12. Financial Times(subscription required)Who could run Nvidia after Jensen Huang?Chip giant co-founder’s future as chief executive is uncertain following report of a second affair
  13. Ars TechnicaNvidia CEO Jensen Huang has resignedNvidia CEO also had an affair with a senior executive at the firm.
  14. The Economist(subscription required)Jensen Huang must go