Nvidia CEO Jensen Huang resigned amid a widening affair scandal, causing the company’s shares to fall 5% in Thursday afternoon trading. CFO Colette Kress is considered a capable interim leader, while Vice President Ian Buck, former Apple CEO Tim Cook, leaders from Alphabet and Amazon, and Palo Alto Networks CEO Nikesh Arora have been mentioned as possible permanent successors. Jim Cramer said an external candidate could be more appropriate if the company needs to resolve internal governance issues, although Nvidia’s technology roadmap remains unchanged. The S&P 500 fell 0.25%, and investors are considering a possible 50-basis-point Federal Reserve rate hike following a hotter-than-expected consumer price index report.
Source: Read the original article
