In a significant shake-up for the global technology sector, Jensen Huang has announced his resignation as CEO of Nvidia, leaving the company without the visionary leader who transformed it into an artificial intelligence juggernaut. CFO Colette Kress has been appointed to serve as the interim leader while the company initiates a search for a permanent successor. Huang, a co-founder and major stakeholder, will also be departing the company’s board entirely. This sudden transition marks a period of profound uncertainty for the $4 trillion firm, which has served as the backbone of the modern AI revolution.

The resignation follows a swirl of damaging allegations, including reports of an extramarital affair with an executive under his direct supervision and a controversial relationship with a businesswoman suspected by U.S. authorities of acting as a Chinese intelligence asset. These revelations, which triggered a formal investigation by Nvidia’s board, have cast a shadow over the company’s leadership and its sensitive role in U.S.-China chip export politics. As investors grapple with these developments, the future of the AI industry—which has leaned heavily on Nvidia’s strategic influence and massive capital investments—now hangs in the balance.