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Nvidia CEO Jensen Huang has resigned, and the company has named longtime executive Colette Kress as interim CEO, the Korea Times reports. Kress, who joined the California-based chipmaker in 2013, steps in as the AI industry loses its biggest champion and the company's future is clouded. The resignation follows a leadership crisis: the board was reportedly preparing to oust Huang after reports of two extramarital affairs, including one with a suspected Chinese spy, and a shareholder lawsuit alleging investors were misled. Nvidia shares were on track to shed more than $470 billion in market value over two sessions as fallout deepened. Korean outlets report that President Donald Trump suggested former Apple CEO Tim Cook should replace Huang, calling Cook "a legend."