NVIDIA announced on Thursday that Jensen Huang has resigned from his positions as President and CEO of the company. Just a few days prior to that, he admitted to having a romantic relationship with a woman who was accused of being a Chinese spy, which triggered a national security crisis in the United States.

NVIDIA stated in a regulatory document that the company's board of directors accepted Jensen Huang's resignation on Wednesday.

NVIDIA announced that Colette Kress, the company's current Chief Financial Officer and Executive Vice President ( Collete Kress ), will assume the role of Interim CEO until a permanent successor is found. Kress will continue to hold her position as Chief Financial Officer.

In pre-market trading on Thursday, NVIDIA's stock price fell by more than 11%. Since last Friday, the company's stock price has plummeted significantly, with its market value evaporating by over $300 billion.

Considering that Jensen Huang, and by extension NVIDIA, has been very active in driving the artificial intelligence boom, his departure may have a wide-ranging impact on AI and the data center industry. In particular, it has raised questions from the outside world about the future direction of NVIDIA's substantial AI investments. These investments have helped to fund various projects, ranging from startups developing new technologies to large data centers required to operate these technologies.

Under the leadership of Jensen Huang, NVIDIA cleverly uses its financial strength to support companies that purchase its chips. In fact, this is not only helping to finance its own product market but also involves lobbying in Washington to relax the rules related to AI.

The NVIDIA Board of Directors also appointed Square Wave Ventures, the managing partner, and Harvey Jones (formerly CEO of Synopsys), as the company's first Chairman in its history. Jones has been a director at NVIDIA since 1993.

The company stated in its declaration: "Jensen Huang's contributions to NVIDIA are of profound significance. NVIDIA is one of the most influential technology companies in the world. The board of directors and the company are grateful for Jensen Huang's immeasurable contributions to the company and the entire industry."

This report is still being updated.