After Jensen Huang's resignation, CNBC host Cramer said he betrayed Nvidia shareholders and discussed how to clean up the mess

After being reported to have had a romantic relationship with an Nvidia executive who reported to him, Nvidia CEO Jensen Huang resigned on Thursday morning; hours later, Reuters reported he had an “intimate relationship” with a second employee. Days earlier, he had acknowledged a relationship with an executive at a Singapore cloud computing company whom U.S. intelligence agencies suspected of spying for China. Longtime CFO Colette Kress became interim CEO; Nvidia shares closed down more than 4% that day, after falling more than 14% at one point. CNBC host Jim Cramer said Huang betrayed shareholders, called his departure necessary to protect Nvidia, and said the new management might be more disciplined in capital allocation, including reducing stakes in Intel ($5 billion invested in 2025) and CoreWeave ($2 billion invested this year) and increasing buybacks. He also warned that investigations into Huang's conduct and possible violations of U.S. chip export restrictions could lead to sanctions that harm international business, and that AI chips from competitors such as AMD are also making progress; AMD shares rose nearly 6% that day.