NVIDIA Board Weighs CFO Colette Kress for Interim CEO Role Amid Scandal

BlockBeats reports that some NVIDIA board members support naming CFO Colette Kress as interim CEO, according to U.S. media outlet Semafor. The board has not reached a decision, and directors were scheduled to meet on the evening of Nov. 11 Eastern Time. Semafor earlier confirmed that after media reports of Jensen Huang's second extramarital affair, NVIDIA's board was preparing to remove the founder and CEO, with a decision possible as soon as that day. A senior U.S. government official said the board had informed the White House of the planned meeting. NVIDIA shares fell more than 8% in after-hours trading to a 52-week low, Semafor reported. Huang has acknowledged an extramarital affair with a woman, according to Semafor. The board of the company, which has a market capitalization of about $4 trillion, said law firm Wachtell Lipton will lead an investigation into Huang. Semafor also reported that NVIDIA has secured billions of dollars in financing arrangements, beyond its supply of advanced chips to cloud providers, to fund artificial intelligence infrastructure development.