Jensen Huang steps down as Nvidia CEO; board reportedly approached Arm's Rene Haas

Nvidia CEO Jensen Huang abruptly resigned on Thursday, leaving the chipmaker without the leader who had run it since co-founding it more than three decades ago. The board said CFO Colette Kress will serve as interim CEO while it weighs internal and external candidates. Huang, 63, stepped down after reports of his relationship with a woman suspected to be a Chinese spy, and he had more than 60 direct reports. On Friday, the Financial Times reported, citing people familiar with the matter, that the board had approached Arm CEO Rene Haas, who is among several candidates and may not be offered or accept the job. Arm declined to comment, and Nvidia did not immediately respond to a request for comment. Arm's US-listed shares pared losses and fell more than 5%. Nvidia supplies nearly the entire market share of chips needed to power frontier AI models, and the board is expected to take its time choosing a successor.

The right-leaning New York Post leads with the FT report on Haas and with Huang's extramarital affairs, including one involving a suspected Chinese spy, which it says plunged the chipmaker into crisis across the AI industry. It details Haas's history at Nvidia and Arm, notes that Reuters could not verify the report, and stresses the drop in Arm's shares. The left-leaning CBS News instead leads with the abrupt resignation and the successor search, quoting Patrick Magee of the Free Press that no one inside Nvidia may have Huang's purview, and emphasizes Huang's control and Nvidia's near-total chip supply; its excerpt does not mention Haas. Both report Huang's exit and Kress as interim CEO, but the NY Post centers the Haas candidacy while CBS centers analyst views on the leadership gap. Reuters, the alternative source, carries only a short excerpt of the FT report, matching the NY Post's core claim.