Nvidia denies talks with Huang candidates

The search for a new CEO for Nvidia is at the initial stage, official contacts with potential candidates have not yet been, CNBC journalist Sima Moody wrote in X, citing the board of directors of the corporation.

We are in the process of selecting a company to look for the CEO of Nvidia. We have not officially contacted any potential candidate. Any assumptions about specific candidates, both internal and external, are premature, she said.

Nvidia is an American technology company founded in 1993 by Jensen Huang, Chris Malachowski and Curtis Reception. It develops graphics processing units (GPUs) and technologies for accelerated computing and artificial intelligence. The company's shares are traded on the Nasdaq exchange under the ticker NVDA.

Nvidia announced the resignation of Jensen Huang from the posts of President and CEO, as well as from the Board of Directors. The company was temporarily headed by CFO Colette Cress.

The resignation was preceded by a scandal around the personal life of a businessman. In early November, media reported on his alleged relationship with the head of the Singaporean Megaspeed Alice Huang, which American intelligence agencies suspect of cooperating with Chinese intelligence. The U.S. Justice Department has not yet confirmed she is a Chinese spy, but Beijing has denied the charges.

Later, The New York Times, citing five former and current employees of Nvidia, reported on Huang's alleged affair with the company's vice president of health care, Kimberly Powell. Reuters, citing sources, wrote about another employee of Nvidia, with whom the businessman was attributed a relationship, her name was not disclosed by the agency.

With the change in leadership, Nvidia shares fell more than 14 percent and capitalization dipped below $4 trillion. Axios named 11 possible successors to Huang.