Nvidia's co-founder Wong In-hoon immediately stepped down as CEO, and Colette Kress was appointed as Nvidia's interim CEO this morning. Until an official successor is determined, Kress will continue to serve as Executive Vice President and Chief Financial Officer while serving as interim CEO. Nvidia's board of directors has begun the process of selecting a permanent CEO, and both internal and external candidates will be included in the scope of the investigation. Kress has been with this AI chip giant for over ten years. She has held finance positions at various tech giants such as Microsoft, Cisco, and Texas Instruments. She led one of Nvidia's strategies to provide financial support to the broader AI industry by signing numerous deals with customers.

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