Jensen Huang is out at Nvidia after a week of affair reports and spy allegations
85 Sources
[1]
The unfolding Jensen Huang scandal: a timeline
Nvidia co-founder and (now former) CEO Jensen Huang has never been as flashy or controversy-prone as AI leaders like OpenAI's Sam Altman or SpaceXAI's Elon Musk. Now, the 63-year-old industry kingpin has admitted that he cheated on his wife of 40 years in affairs that could have ramifications
[2]
Inside the Affair That Led to Jensen Huang's Downfall As Nvidia CEO
Jensen Huang has resigned as Nvidia CEO after admitting to an affair with Alice Huang, a businesswoman US intelligence says was recruited by China's Ministry of State Security. The admission prompted an investigation of Huang by his own company, and it was also reported on November 11 by the New
[3]
Jensen Huang leaving Nvidia risks a 'brain drain' from the AI chipmaker
Nvidia's chips power the AI frontier -- thanks, many say, to co-founder and now ex-CEO Jensen Huang Jensen Huang's resignation from Nvidia, one of the world's most valuable companies and the single-most integral player in the artificial intelligence (AI) boom, could change the course of the
[4]
Nvidia CEO Jensen Huang Resigns
The company's founder stepped down after reports of multiple affairs. Jensen Huang has resigned as CEO of $4 trillion chip giant Nvidia, just days after news broke that he was having an affair with a Chinese data center executive alleged to have ties to China's intelligence community. The company
[5]
Jensen Huang Resigns as Nvidia CEO
Nvidia's cofounder and chief executive resigned on Thursday after the company opened an investigation into his affair with an alleged Chinese intelligence asset. Jensen Huang stepped down as the chief executive of Nvidia on Thursday, four days after the company announced its internal investigation
[6]
Nvidia CEO Jensen Huang resigns amid spy, affair scandals
Nvidia's board has ousted Jensen Huang, its longtime co-founder, president, and CEO, after reports of two extramarital affairs -- one with an alleged Chinese spy and one with an Nvidia executive who reported to Huang. A press release published Thursday morning announced Huang's resignation,
[7]
Jensen Huang Resigns As Nvidia CEO Following Affairs With Alleged Spy, VP
Nvidia's CFO Colette Kress has been named interim CEO. Nvidia's CEO Jensen Huang has resigned following a report that he was engaged in a second extramarital affair, this time with another Nvidia executive. In a statement, Nvidia's board announced that Huang resigned as "President, Chief
[8]
Nvidia CEO Jensen Huang resigns as CEO in the wake of multiple affairs, Chinese spy allegations -- Colette Kress appointed Interim CEO, board conducting search for permanent replacement
Nvidia's board of directors has confirmed today that Jensen Huang will depart the company as CEO. The news follows revelations that Huang had been involved in not one but two extra-marital affairs, one with a suspected Chinese intelligence asset, and another with his direct report, Nvidia's VP of
[9]
Nvidia CEO Jensen Huang steps down over extramarital affairs
This transcript was produced with AI technology that converts speech to text. The text is not always reviewed or edited by Reuters journalists and some errors may occur. Nvidia CEO Jensen Huang steps down over extramarital affairs Nvidia CEO Jensen Huang is stepping down, leaving the AI industry
[10]
Nvidia live: Jensen Huang resigns as chief executive after affair allegations
Head of US chip giant departs after claims he had affairs with alleged Chinese spy and a company executive Tech folks love to put faux-scientific probabilities on unpredictable things. Take P(doom), for example, the much-debated likelihood of AI eradicating humankind. After the revelation of
[11]
'It had to happen' -- Jim Cramer on the resignation of Nvidia CEO Jensen Huang
Jensen Huang has resigned as Nvidia CEO in a truly stunning fall from grace -- but it was a necessary decision amid a widening affair scandal, Jim Cramer said Thursday. "It had to happen. There's way too much evidence," Jim said, moments after the chipmaker put out a press release announcing the
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Jensen Huang is out as NVIDIA CEO
Jensen Huang is no longer CEO of NVIDIA. Huang's departure comes days after NVIDIA's board said it would investigate after Huang admitted to having an affair with a former tech executive accused of being a Chinese intelligence asset. The board said at the time it had "no reason to believe that
[13]
Live updates: Nvidia CEO Jensen Huang resigns
A plunge for Nvidia's stock is pulling the U.S. market lower, threatening to upend the AI boom that has carried Wall Street to record after record in recent years. The S&P 500 fell 0.7% Thursday. The weakness in AI stocks sent the Nasdaq composite down 1.5%, while the Dow Jones Industrial Average
[14]
Nvidia's Jensen Huang was AI's rock star before dramatic career unravelling
In recent years, Jensen Huang has been riding high on the crest of the AI wave as his company Nvidia became one of the most valuable in the world. It only took a few days for it to all come crashing down. Back-to-back revelations of two affairs involving the CEO, including a romantic relationship
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Jensen Huang's Affairs That Upended Nvidia: Timeline of Events
News of the Nvidia co-founder's relationship with a suspected Chinese spy, and his affair with an executive who reports to him, prompted his exit from the multi-trillion-dollar company. News that Jensen Huang, the co-founder of Nvidia, was having an affair with a woman believed to be Chinese spy
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A $5.7 Trillion Face-Plant
Most of the major executives in the AI boom have weathered vicious attacks and major controversies in recent years, but one has stood out as bulletproof: Jensen Huang, the CEO of the global microprocessor giant Nvidia. That changed yesterday when, following revelations that Huang had at least two
[17]
Jensen Huang resigns as Nvidia CEO after 33 years, effective immediately
Jensen Huang has resigned as Nvidia's president, CEO, and board member, effective immediately, the company's board announced today, ending a 33-year run in which he built the chipmaker he co-founded into the roughly $4T centrepiece of the AI boom. Chief financial officer Colette Kress steps in as
[18]
Jensen Huang Resigns From Nvidia After Espionage, Sex Scandals
Jensen Huang resigned as CEO of Nvidia on Thursday following revelations that his affair with a tech executive and alleged Chinese spy wasn't his only extramarital relationship. The decision followed allegations on Wednesday that he had also slept with a separate executive at Nvidia in a bombshell
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VIEW Nvidia CEO Jensen Huang steps down
Nov 12 (Reuters) - Nvidia (NVDA.O), opens new tab CEO Jensen Huang is stepping down, leaving the AI industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse. Chief Financial Officer Colette Kress will take over as interim CEO as Nvidia looks for
[20]
A timeline of Jensen Huang's downfall as Nvidia's CEO
The executive's relationship with an alleged Chinese spy first drew scrutiny about a year ago. Here's how it has unfolded. Jensen Huang's affair with an alleged Chinese spy has plunged Nvidia into its biggest crisis in three decades, sparking concern over the economic and national security
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Jensen Huang steps down from NVIDIA CEO role, also resigns from board
American chipmaking giant NVIDIA announced that co-founder and CEO Jensen Huang has stepped down as president, chief executive officer, and a member of the company's board, effective immediately. The Board announced the decision after mounting personal controversies threatened Huang's leadership
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Nvidia CEO Jensen Huang resigns, Colette Kress named interim chief: Live updates
Nvidia CEO Jensen Huang is stepping down as CEO of the chipmaker he co-founded 33 years ago and built into a $4 trillion company that powered the artificial intelligence boom, the company announced Thursday. CFO Colette Kress has been named interim CEO. After a meteoric rise to fame due to
[23]
Jensen Huang resigns as CEO of Nvidia
Jensen Huang has resigned as the CEO of Nvidia following recent reports of extramarital affairs, including one involving a woman suspected of spying for China. Here are the details. Nvidia appoints interim CEO as search for permanent replacement begins In late October, The New York Times reported
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Nvidia CEO Jensen Huang resigns in the wake of multiple controversies
Huang voluntarily stepped down after a highly public extramarital affair, and accusations of being the victim of corporate espionage. endif; ?> Jensen Huang was one of Nvidia's three founders in 1993, and has guided the company to world domination in the GPU market over the last 33 years. It's
[25]
Live Updates: Jensen Huang Resigns From Nvidia After Affairs
Mr. Huang arrived early with his wife, Lori Huang, and quickly headed to the bar at the pre-dinner reception, saying the event was the first time he had been out of his house since the Covid lockdown began in March 2020. He introduced Ms. Huang to reporters who clustered nearby, but they mainly
[26]
Jensen Huang and Nvidia crisis LIVE -- latest updates on CEO's future, AI impact and what it means for computing hardware
Nvidia is currently grappling with whether or not to fire CEO and co-founder Jensen Huang in a decision that will send reverberations around the tech industry. Nvidia and the FBI have both launched investigations after Huang admitted to an affair with a suspected Chinese spy. Huang has been
[27]
Nvidia CEO Jensen Huang steps down amid alleged spy scandal
Jensen Huang, CEO of the chipmaking juggernaut Nvidia, is stepping down. The decision comes days after the company took the extraordinary step of launching an investigation following news reports alleging that Huang had had an extramarital affair with one of the company's clients, who U.S.
[28]
Jensen Huang resigns as Nvidia CEO after alleged affairs
Move follows admission of affair with woman alleged to be Chinese spy and reported relationship with employee Jensen Huang has resigned as chief executive of Nvidia after reports of extramarital affairs with an alleged Chinese spy and a company employee. He will be replaced on an interim basis by
[29]
NVIDIA Announces CEO Transition
* Jensen Huang Resigns * Colette Kress, Executive Vice President and Chief Financial Officer, Appointed Interim CEO * Harvey C. Jones Appointed First-Ever Chair of the Board NVIDIA (NASDAQ: NVDA) Board of Directors announced today that Jensen Huang has resigned as President, Chief Executive
[30]
Jensen Huang, an architect of the AI boom, resigns as Nvidia CEO
His departure could, per Wall Street sources, be the catalyst that endangers a ballooning AI bubble. Driving the news: Nvidia's board named longtime CFO Colette Kress interim CEO, while launching a search for a permanent replacement. * Kress, who joined Nvidia in 2013, will continue serving as
[31]
Jensen Huang resigns as Nvidia CEO, Colette Kress takes over
For the first time in its 33-year history, Nvidia has a new CEO. Jensen Huang, who co-founded the chipmaker in 1993 and led it through the AI boom, resigned Thursday. He also stepped down as president and gave up his seat on the board, effective immediately. Nvidia gave no reason for his
[32]
Nvidia's Jensen Huang resigns: what does it mean for the AI industry?
Jensen Huang, co-founder and longtime CEO of the graphics processing unit (GPU) and computer chip giant Nvidia, has resigned, according to announcement published by the company this morning. The news follows recent reports from The New York Times that Huang engaged in extramarital affairs with
[33]
Nvidia CEO Jensen Huang to step down in big blow to AI boom
Nov 12 (Reuters) - Nvidia (NVDA.O), opens new tab CEO Jensen Huang is stepping down, leaving the AI industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse. Chief Financial Officer Colette Kress will take over as interim CEO as Nvidia looks for
[34]
Nvidia CEO Jensen Huang Resigns Amid Alleged Spying Scandal
After a month of headlines about an affair with an alleged Chinese intelligence asset, Nvidia Chief Executive Officer Jensen Huang has stepped down from his leadership position at the AI chip designing company. Nvidia announced the decision on Thursday morning in a press release that described the
[35]
It's a Really, Really Bad Day for Nvidia
The deepening scandal drove Nvidia's board of directors over the edge. For a few weeks, we've known that Nvidia CEO Jensen Huang had been cheating on his wife with a suspected Chinese spy. Yesterday, it emerged that that he had a second affair with Nvidia healthcare executive Kimberly
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Nvidia stock sinks after Jensen Huang resigns; S&P 500, Nasdaq fall
Nvidia stock fell more than 11% after CFO Colette Kress was named interim CEO, while oil rose on President Donald Trump's Iran remarks Nvidia $NVDA said on Thursday that CEO Jensen Huang has resigned and named CFO Colette Kress interim CEO, and the company's stock fell more than 11%. The S&P 500
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Here's the latest.
The chief executive has been under scrutiny for an affair with a woman said to be a Chinese spy, as well as for a relationship with a subordinate at his A.I. chip company. Nvidia's finance chief, Colette Kress, was named interim leader. Jensen Huang, Nvidia's chief executive, resigned on Thursday
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Nvidia stock falls after Huang resigns, weighing on broader market
The company at the center of the AI boom is in crisis at a pivotal moment for the technology and the economy. Major stock indexes declined at the opening bell on news that Jensen Huang, one of the most important executives in the AI boom, was resigning effective immediately as CEO of
[39]
Nvidia CEO Jensen Huang resigns in wake of affair with woman suspected of spying for China
Nvidia CEO Jensen Huang has resigned effective immediately, the company's board of directors announced Thursday. The decision came amid an investigation into Huang's affair with a woman U.S. intelligence agencies suspect was spying for China. Nvidia's board had been preparing to oust Huang, two
[40]
What comes next for Nvidia and AI industry after spy scandal
San Francisco (United States) (AFP) - Tech giant Nvidia has been plunged into turmoil as its influential boss Jensen Huang faces an investigation into an affair with a woman accused of spying for China. Huang built Nvidia into one of the world's biggest and most important companies, designing
[41]
Jen-Hsun Huang has resigned all his positions at Nvidia, effective immediately
The scandal deepens as an alleged second affair comes to light. Nvidia's CEO, Jen-Hsun Huang, has resigned as President, CEO, and member of the board, effective immediately. That is the message which has just been posted on the Nvidia newsroom. He has been at the centre of a big ol' scandal since
[42]
Breaking news. - Nvidia's Jensen Huang resigns over relationship with suspected spy
Finance chief Colette Kress will run the AI chip giant on an interim basis as its shares tumble. Jensen Huang has resigned as chief executive of Nvidia with immediate effect, following reports that he had a relationship with a suspected Chinese agent. The company's board announced on Thursday
[43]
After days of controversy, Nvidia founder and CEO Jensen Huang has resigned amid investigation and affair scandal
Nvidia's founder and CEO Jensen Huang has resigned from his position as leader of one of the most valuable companies in the world. After days mired in controversy, which began amid reports of Huang's alleged affair with a Chinese spy, Nvidia has announced Huang's resignation as company president,
[44]
Nvidia CEO Jensen Huang resigns following affairs scandal
Nvidia Corp.'s board of directors today announced the resignation of Jensen Huang, now former chief executive and president, amid a scandal, naming Colette Kress, current executive vice president and chief financial officer, as interim CEO. The news arrives following numerous industry reports that
[45]
"Diva Down:" Nvidia CEO Jensen Huang Resigns
After mounting pressure on Nvidia's board to fire its scandal-plagued chief executive, the company's CEO Jensen Huang is officially resigning. According to a press release published early Thursday morning before the opening bell, Nvidia announced its "CEO transition" with Huang resigning as
[46]
Nvidia CEO Jensen Huang resigns after reports of extramarital relationships
Huang resigned after it was reported that he had a relationship with an Nvidia executive and an affair with a woman accused of being a Chinese agent. Nvidia CEO Jensen Huang has resigned in the wake of reports that he had multiple extramarital relationships, including one with a woman who reports
[47]
Nvidia CEO Jensen Huang resigns in wake of affair with woman suspected of spying for China
Nvidia CEO Jensen Huang has resigned effective immediately, the company's board of directors announced Thursday. The decision came amid an investigation into Huang's affair with a woman U.S. intelligence agencies suspect was spying for China. Nvidia's board had been preparing to oust Huang, two
[48]
Nvidia shares tumble as Jensen Huang steps down as CEO
US stocks fell at the open, led by tech shares, as investors weighed what Jensen Huang's resignation as CEO could mean for Nvidia and the wider AI industry. Nvidia shares fell more than 13% at the open on Thursday after the company said co-founder and CEO Jensen Huang was stepping down. The
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Nvidia's Jensen Huang, the Most Important CEO in Tech, Just Resigned
The board announced that CFO Colette Kress will take over while a search for a permanent replacement is underway. I'm not sure there is a CEO who has been more essential to their company than Jensen Huang at Nvidia. He co-founded the company in 1993 and has spent three decades building it into
[50]
Nvidia CEO Jensen Huang to Step Down in Big Blow to AI Boom
(Corrects typographical error in second paragraph) Nov 12 (Reuters) - Nvidia CEO Jensen Huang is stepping down, leaving the AI industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse. Chief Financial Officer Colette Kress will take over as
[51]
Jensen Huang resigns as Nvidia CEO amid affair probe
Nvidia CEO Jensen Huang has resigned from the company after mounting scrutiny over allegations involving his extramarital relationship and an investigation into whether he had been targeted by a foreign intelligence operation. Colette Kress, Nvidia's chief financial officer, will serve as the
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Nvidia stock falls nearly 15 percent after Huang resigns
Nvidia stock took a sharp dive on Thursday, after longtime CEO Jensen Huang resigned amid reports he engaged in two extramarital affairs. The chipmaker's stock fell to $148.80 per share after the opening bell, down 14.4 percent from closing on Wednesday. Nvidia stock later rebounded slightly,
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Jensen Huang Resigns From Nvidia
Jensen Huang founded Nvidia back in 1993 and called each of the company's major shots along the way, from gaming graphics to its latest pivot to AI. He's now resigned as CEO following reports of multiple affairs, including with an alleged Chinese spy. Here's the announcement from Nvidia's board of
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It's officially the end of an era for NVIDIA
Amir developed a knack for DIY projects and built his first quadcopter in high school. At 18, he began writing about 3D printing, and now contributes to MUO where he writes and edits productivity tools, AI and LLMs, spreadsheets, self-hosting, DIY projects, and a lot more. Amir also enjoys
[55]
Nvidia CEO Jensen Huang resigns in wake of affair with woman suspected of spying for China
Nvidia CEO Jensen Huang has resigned effective immediately, the company's board of directors announced Thursday. The decision came amid an investigation into Huang's affair with a woman U.S. intelligence agencies suspect was spying for China. Nvidia's board had been preparing to oust Huang, two
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'Profound' contributions, and not a word about why: What Nvidia's resignation statement leaves out
It was announced that Nvidia's Executive Vice President and Chief Financial Officer, Colette Kress, has been appointed interim CEO. This comes after it was revealed that Jensen engaged in two extramarital affairs. One with an alleged Chinese intelligence operative and another with a subordinate
[57]
Jensen Huang To Step Down As Nvidida CEO Amid Affair Scandal
Nov 12 (Reuters) - Nvidia CEO Jensen Huang is stepping down, leaving the AI industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse. Chief Financial Officer Colette Kress will take over as interim CEO as Nvidia looks for a permanent successor,
[58]
Nvidia CEO Jensen Huang Resigns After Reports of Extramarital Relationships
Huang resigned after it was reported that he had a relationship with an Nvidia executive and an affair with a woman accused of being a Chinese agent. Nvidia CEO Jensen Huang has resigned in the wake of reports that he had multiple extramarital relationships, including one with a suspected agent of
[59]
Nvidia CEO Jensen Huang resigns amid affair scandals
Nvidia CEO Jensen Huang will step down from his role at the AI chip giant following explosive reports of two extramarital affairs, one of which involved an alleged Chinese spy. The embattled tech leader admitted Sunday to having an affair with a Chinese businesswoman who U.S. officials concluded
[60]
Jensen Huang Steps Down As NVIDIA CEO, As Company Thanks Him "For His Immeasurable Contributions To The Company And The Industry," Current CFO To Spearhead GPU Maker
The prediction from analysts about Jensen Huang keeping his position as NVIDIA's CEO was nothing but hot air because the GPU manufacturer has issued the latest statement that will certainly shake the foundations of the global semiconductor and artificial intelligence industries. NVIDIA has
[61]
NVIDIA President Jensen Huang Resigns, Board Announces Interim CEO
Jensen Huang resigns as the president and CEO of NVIDIA, ending his 33-year run at the chipmaker he co-founded. NVIDIA announced the leadership change on November 12, 2026, confirming that CFO Colette Kress will take over as interim CEO while the board searches for a permanent successor. Huang has
[62]
Nvidia CEO Jensen Huang Resigns, CFO Colette Kress Named Interim Leader
The leadership shake-up -- a remarkable turn of events for a company central to the AI data center boom -- came after Nvidia's board said Sunday that it would investigate Jensen Huang's relationship with a tech executive reportedly believed by U.S. officials to be a Chinese spy. Nvidia's board
[63]
Jensen Huang steps down as CEO of Nvidia as suspected Chinese spy reportedly returns to Beijing
The Chinese government has denied that the ex-CEO's mistress, Alice Huang, was a spy, calling the allegations "purely unsubstantiated and directed at smearing China." Nvidia CEO Jensen Huang has resigned as president, CEO, and board member effective immediately on Thursday following reports that
[64]
Nvidia loses its AI architect: Jensen Huang's exit puts $4 trillion empire in transition
Jensen Huang has resigned as CEO of Nvidia, which has raised concerns for the company and the AI industry. Colette Kress will serve as interim CEO while the board searches for a permanent successor. Huang's resignation follows reports of personal controversies, including extramarital relationships
[65]
Nvidia CEO Jensen Huang resigns, board of directors announce
Nvidia CEO Jensen Huang has resigned effective immediately, the company's board of directors announced Thursday. The decision came amid an investigation into Huang's affair with a woman U.S. intelligence agencies suspect was spying for China. Nvidia's board had been preparing to oust Huang, two
[66]
AI company stocks plummet after Nvidia CEO Jensen Huang steps down following scandal
Global AI-linked stocks fell on Thursday after Nvidia CEO Jensen Huang resigned following a deepening scandal around his affairs, upending the chipmaker's leadership and posing fresh risks to a sector already reeling with funding and regulatory concerns. Chief Financial Officer Colette Kress will
[67]
Nvidia CEO Jensen Huang to step down in big blow to AI boom
Nvidia's chips became central to AI computing because they can perform many calculations simultaneously, and the company became the world's most valuable company. Nvidia CEO Jensen Huang is stepping down, leaving the artificial intelligence (AI) industry without its biggest champion and clouding
[68]
Jensen Huang resignation: Is Nvidia facing its Steve Jobs moment?
Jensen Huang resignation: Nvidia is undergoing a significant leadership change following co-founder Jensen Huang's resignation. The company has appointed Colette Kress as interim CEO while it evaluates permanent leadership options. Challenges include maintaining momentum in the AI sector without
[69]
Nvidia on track to lose more than $700 billion in value as Jensen Huang resigns
The shock resignation of Nvidia CEO Jensen Huang on Thursday renewed pressure on the chipmaker's shares, with the company on track to lose more than $700 billion since the close of U.S. trading last week. Nvidia announced Huang's resignation on Thursday morning. In a statement, the company said
[70]
Jensen Huang ousted as Nvidia CEO in wake of Chinese 'spy' scandal and second alleged affair
Jensen Huang was removed as Nvidia CEO Thursday after the chipmaking giant was left reeling over the revelations that he allegedly had affairs with a suspected Chinese honeypot as well as a company executive. Huang - who co-founded the chipmaking behemoth in 1993 - was removed from his post
[71]
How Nvidia's Jensen Huang got entangled in a China chip and spy scandal
Nvidia said on Thursday that CEO Jensen Huang was stepping down, leaving the AI industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse. A controversy surrounding Huang and the chipmaker's China business has spiraled into a national-security
[72]
Jensen Huang Quits NVIDIA as Colette Kress Becomes Interim CEO
NVIDIA co-founder Jensen Huang has reportedly resigned as president and CEO after 33 years at the helm. CFO Colette Kress has been appointed interim chief while the board searches for a permanent successor. The leadership transition also includes the appointment of Harvey C. Jones as the company's
[73]
Jensen Huang Out at Nvidia Over Affair With Suspected Chinese Spy | The New York Sun
An affair with an alleged Chinese spy has cost Jensen Huang the top job at technology firm Nvidia. The board of directors announced Thursday morning that Mr. Huang had resigned as chief executive officer, president, and a member of the board, effective immediately. Mr. Huang co-founded the company
[74]
US stocks: Nvidia shares plunge 10% after Jensen Huang quits as CEO; Colette Kress named interim chief
Nvidia shares plunged 10% after co-founder Jensen Huang resigned as CEO and board member with immediate effect. CFO Colette Kress was named interim chief executive while the board searches for a permanent successor, with Harvey C. Jones appointed Nvidia's first independent board chair. Shares of
[75]
Nvidia CEO Jensen Huang resigns after his affair raises national security concerns
HONG KONG -- Nvidia CEO Jensen Huang resigned Thursday after his extramarital affair raised national security concerns. The company named Colette Kress as interim CEO. She is the current executive vice president and chief financial officer. Huang faced growing calls to resign after his affair
[76]
Jensen Huang resigns from Nvidia after 33 years: Board names Colette Kress interim CEO amid affair reports and China probe allegations
Jensen Huang resigns: Jensen Huang has resigned as Nvidia CEO with immediate effect after leading the chipmaker for 33 years. CFO Colette Kress will serve as interim CEO as the board begins its search for a permanent replacement. His departure comes amid reports about alleged relationships and
[77]
Nvidia CEO Jensen Huang resigns
Jensen Huang has resigned as Nvidia CEO, the company announced on Thursday. The decision leaves the AI industry without its biggest champion and clouds the future of the chipmaker he built into an AI powerhouse. Chief Financial Officer Colette Kress will take over as interim CEO as Nvidia looks
[78]
Nvidia CEO Jensen Huang steps down
Nov 12 (Reuters) - Nvidia NVDA.O CEO Jensen Huang is stepping down, leaving the AI industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse. Chief Financial Officer Colette Kress will take over as interim CEO as Nvidia looks for a permanent
[79]
A plunge for Nvidia's stock drags Wall Street lower
NEW YORK -- A plunge for Nvidia's stock is pulling the U.S. market lower, threatening to upend the AI boom that has carried Wall Street to record after record in recent years. The S&P 500 fell 0.7 per cent Thursday. The weakness for AI stocks sent the Nasdaq composite down 1.5 per cent, while the
[80]
Nvidia CEO Jensen Huang steps down over extramarital affairs
STORY: :: Nvidia CEO Jensen Huang steps down following reports of extramarital affairs :: The company said CFO Colette Kress will take over in the interim as they look for a permanent successor :: Archive Huang, who co-founded Nvidia and is its fourth-largest investor with a stake of about
[81]
Jensen Huang exits Nvidia after 33 years: What the company said about the shock move
Nvidia has announced the resignation of Jensen Huang from all his leadership positions within the company. Colette Kress has been appointed as the interim CEO while a search for a permanent successor begins. Kress will maintain her roles as executive vice president and CFO during this transition
[82]
Nvidia CEO Jensen Huang to step down in big blow to AI boom
Nov 12 (Reuters) - Nvidia CEO Jensen Huang is stepping down, leaving the AI industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse. Chief Financial Officer Colette Kress will take over as interim CEO as Nvidia looks for a permanent successor,
[83]
Nvidia CEO Jensen Huang resigns, Colette Kress appointed interim CEO
The company has appointed Colette Kress as interim CEO, who will continue as EVP and CFO of the company. Harvey C Jones has been appointed as the chair of the board. Nvidia CEO Jensen Huang is stepping down, leaving the AI industry without its biggest champion and clouding the future of the
[84]
What comes next for Nvidia and AI industry after spy scandal
Tech giant Nvidia has been plunged into turmoil as its influential boss Jensen Huang faces an investigation into an affair with a woman accused of spying for China. Huang built Nvidia into one of the world's biggest and most important companies, designing advanced chips crucial to the artificial
[85]
Nvidia CEO Jensen Huang quits amid Chinese spy link, CFO Colette Kress now interim boss
Nvidia launches an investigation and begins searching for a new CEO. Nvidia CEO Jensen Huang has stepped down after allegations of two affairs outside his marriage. One of the women was suspected of having links to Chinese intelligence, while the other was reportedly an employee of the company.
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Jensen Huang has resigned as Nvidia's CEO after reports of two affairs, one involving an alleged Chinese spy. The chipmaker he ran for 33 years has no obvious successor.
Jensen Huang resigned on Thursday as Nvidia's chief executive, president and a board member, effective immediately, ending a tenure that began with the company's 1993 founding
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. Chief financial officer Colette Kress becomes interim CEO while keeping her finance job, and the board has begun searching for a permanent successor among internal and external candidates6
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. The exit came four days after Huang admitted in a company-wide letter that he had cheated on his wife. One day earlier, the New York Times revealed a second affair, with a direct report6
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Source: HuffPost
The week that ended him
Huang's troubles surfaced in late October, when the Times disclosed his ties to Alice Huang (no relation), a Megaspeed executive
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. US intelligence suspects her of being an asset of China's Ministry of State Security6
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. The Chinese government has rejected the claims that she spied for China5
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.On November 8, Huang admitted the infidelity in a letter to employees, without naming Alice Huang. "I owe my family and all of you an apology. I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry," he wrote
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. The same day, the board announced an independent investigation, hiring former acting US attorney Joon H. Kim and the firm Wachtell, Lipton, Rosen & Katz to run it. The board said it was conducting a thorough and independent inquiry, and Huang pledged full cooperation4
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. Nvidia shares fell more than 5% the next day and about 8% in after-hours trading once the ouster report landed, ending the stretch down 11% over five days6
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Source: Analytics Insight
That still looked survivable. President Trump called Huang "a fine person" who should remain CEO; Elon Musk backed him too, and as of Monday analysts expected him to keep the job
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. Then on November 11 the Times identified the second partner as Kimberly Powell, Nvidia's vice president of healthcare, who answered directly to him. That account, reported by the Times citing five former employees, is unconfirmed by Nvidia, Huang or Powell6
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. Per the Wall Street Journal, the board was meeting that evening to decide his future6
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. A source familiar with the board's thinking told Wired magazine that the subordinate affair and Huang's dealings with Megaspeed likely weighed more heavily in the decision than the espionage allegations5
.The spy question and the customer
Megaspeed is not a minor customer. It reportedly bought $4.8 billion of Nvidia chips over two years
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. The US and Singapore have been investigating the company since October 2025 over suspicions it illegally diverted chips to China4
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. A Commerce Department official who visited its Malaysia data center in 2024 found Nvidia equipment still packed in boxes1
. That raised concern the gear would be shipped onward rather than run as a cloud service1
. Nvidia said it had no reason to believe its products were diverted, and that Megaspeed was running a small commercial cloud allowed under export rules1
. Estimates of the scale tied to Alice Huang's network differ. The Information puts her companies' chip purchases, banned chips included, at $7.5 billion; Tom's Hardware cites $2 billion smuggled. Neither is confirmed8
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Source: Jerusalem Post
Per New York Times reporting, Trump was briefed in late 2025 on US surveillance of Alice Huang and her relationship with the CEO but did not act
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. A secret memo warning she was a Chinese spy circulated among policymakers in spring 20265
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. Per Bloomberg, Nvidia's general counsel, Tim Teter, contacted a Commerce under secretary in 2025 about the Megaspeed probe, which was reportedly halted and moved to the Justice Department5
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. Three Republican committee chairmen requested a closed-door briefing from Huang on November 5, and Moolenaar said a subpoena was likely if Huang did not comply1
. The three chairmen wrote that the reports raise significant national security concerns about Chinese access to sensitive US technology, and that determining that risk is core to their committees' work1
. He had not responded to the request as of November 111
. A proposed class action filed Monday alleges Nvidia made false or misleading statements about the affair and the Megaspeed relationship4
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What Nvidia loses
Huang himself and analyst notes made the succession risk plain
1
3
. He was the company's only chief executive, running it hands-on with about 60 direct reports, very little delegation and no succession plan5
1
3
. Under him, Nvidia controlled about 90% of the GPU market as of September 20265
7
4
. In summer 2025 it was reported to have become the first company to cross $4 trillion in value5
7
4
."We see massive shoes to fill and no obvious successor. His departure presents a material, potentially thesis-changing event," Oppenheimer analysts Rick Schafer and Trevor Bowers wrote, warning of brain-drain risk
3
. Experts see other risks: distraction at the top could slow work on next-generation chips, and one researcher called Huang a voice of sanity on China policy in the Trump administration3
. He had long criticized US export controls, arguing they push China to build its own chips, and cultivated a close relationship with Trump to open the China market. Whether the affair influenced that push, or Trump's export-control decisions, remains an open question6
5
.The independent investigation continues, and the board must now find a permanent chief executive while Kress holds two jobs
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. Harvey C. Jones, a venture investor and former Synopsys CEO who has sat on the board since 1993, was named its first-ever chair1
.References
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