Anthropic IPO heavily overbooked, retail investors face tough allocation odds
Anthropic's IPO is six times oversubscribed, with retail investors facing limited allocations and a risky first-day trade.
Nvidia CFO Colette Kress becomes interim CEO after Jensen Huang resigns amid spy allegations.
Nvidia CEO Jensen Huang has stepped down following allegations linked to a suspected Chinese spy. Finance chief Colette Kress has been appointed interim CEO as the company begins its search for a permanent leader.
Kress has managed Nvidia's finances for 13 years. Her career spans Microsoft's early cloud expansion and legal disputes involving crypto revenue and stock sales.
During the 2017 crypto boom, miners purchased gaming GPUs in large volumes. In 2022, the SEC imposed a $5.5 million fine on Nvidia for not disclosing that mining drove revenue growth.
Separately, shareholders accused Kress of misleading them about that demand.
A 2023 appeals court determined there were sufficient grounds to claim her statements were misleading, but it upheld the dismissal of charges against her because knowing or reckless misconduct was not adequately alleged.
The lawsuit against Nvidia and Huang continued, with investors securing class certification in March 2026.
A U.S. federal court ruled that a lawsuit against Nvidia and CEO Jensen Huang over alleged concealment of crypto mining-related GPU revenue can proceed as a class action, covering investors between Aug. 10, 2017 and Nov. 15, 2018; plaintiffs claim Nvidia hid over $1 billion in⊠pic.twitter.com/fIv50rmP9J
â Wu Blockchain (@WuBlockchain) March 26, 2026
From 2006 to 2010, Kress served as finance chief of Microsoftâs Server and Tools division.
Revenue climbed from $11.2 billion in fiscal 2007 to $14.9 billion in fiscal 2010.
Microsoft introduced Azure during that period, though the growth cannot be credited solely to Kress.
The group 1792 Exchange reports $1,600 in Republican political donations from Kress, with none to Democrats.
It does not provide dates or supporting records. The figure has not been independently verified and does not confirm party affiliation.
A shareholder lawsuit filed in July 2026 named Kress among Nvidia executives accused of allowing copyrighted books, videos, and voices to be used in AI development without permission.
These accusations remain unproven, with no finding of personal misconduct.
Delaware Supreme Court records show Kress sold 36,333 Nvidia shares worth $7.7 million between October 2017 and September 2018 under a trading plan.
Shareholders raised questions about insider sales during the disputed crypto disclosure period. The litigation pointed to $147 million in alleged combined insider sales.
Neither figure proves illegal trading.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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