Semafor: Some Nvidia directors lean toward appointing CFO Colette Kress as interim CEO

November 12 - According to US media Semafor, some Nvidia directors are inclined to appoint Chief Financial Officer Colette Kress as interim CEO. Semafor said the board has not yet made a decision on the matter, and company directors are scheduled to meet on the evening of November 11 US Eastern Time.

Semafor earlier also confirmed that after media disclosed Jensen Huang's second extramarital affair, Nvidia's board is preparing to remove the CEO and founder, with a decision possibly coming as soon as that day. A senior US government official said Nvidia's board has notified the White House of its planned meeting. Semafor said the company's stock fell more than 8% in after-hours trading and hit a 52-week low.

According to Semafor, Jensen Huang has acknowledged having an extramarital affair with a woman. The board of the company, valued at about $4 trillion, has announced that law firm Wachtell Lipton is leading an investigation into Jensen Huang. Semafor also mentioned that in addition to supplying advanced chips to cloud providers, Nvidia has also entered into multibillion-dollar financing arrangements to fund AI infrastructure construction.