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Nvidia's board announced on Thursday that Jensen Huang has resigned as CEO, and Chief Financial Officer Colette Kress will serve as interim CEO, Yonhap and Chosun Ilbo report. Kress, who joined the chipmaker in 2013, said "Nvidia's strength has always come from its people" and pledged to build on the foundation Huang created over 33 years. The resignation follows reports of Huang's extramarital affairs, including one with a Chinese businesswoman suspected of being a spy, which the Wall Street Journal said led the board to prepare his ouster; Nvidia lost about $430 billion in market value over two sessions amid the controversy. Korean media are covering the leadership change as a major blow to the AI industry, with Korea Times noting Huang's exit leaves the sector without its biggest champion. President Donald Trump separately suggested former Apple CEO Tim Cook should replace Huang, though the board has named Kress.