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Jensen Huang has resigned as Nvidia's CEO and left its board, effective immediately. CFO Colette Kress takes over as interim CEO, Harvey C. Jones becomes the company's first board chair, and the stock fell around 10% before the opening bell.
Nvidia's board has opened an independent investigation after reports that CEO Jensen Huang was the target of a Chinese intelligence effort. Huang admitted an affair in a staff email, the stock slid before Monday's open, and Beijing calls the spy claims a smear.
AMD posted record Q3 2026 revenue of $13.4 billion, up 45%, as data center sales nearly doubled on its MI450 AI chips. It guided Q4 to about $17 billion and said 2027 revenue should grow more than 80%. The stock jumped after hours.
A busy week in the US-China AI contest: a DeepSeek removal order, new sanctions, a scramble for Nvidia chips and China's own export curbs. What it means for India.
