Colette Kress, the CFO who challenged Huang's bets, is Nvidia's interim CEO

Nvidia finance chief Colette Kress has taken over as interim chief executive after co-founder Jensen Huang stepped down, Business Recorder reported. The company is seeking a permanent successor, leaving Kress in charge during a leadership change at the artificial-intelligence chipmaker.

Reuters reported that Kress had challenged some of Huang’s large, risk-heavy investments, including financing arrangements involving OpenAI and AI infrastructure firms. A proposed $250 billion contribution to an Ohio data-centre project was reduced to $120 billion. Nvidia shares fell 14% on Thursday before recovering some ground to finish 4.3% lower, while investors and analysts questioned whether Kress would retain the company’s appetite for technology risk.