Jensen Huang resigns, ending more than three decades at Nvidia
45 Sources
[1]
Silicon Valley Is Still Defending Jensen Huang
News of Jensen Huang's affair with an alleged asset of China's Ministry of State Security was first met with a muted response in Silicon Valley -- including inside Nvidia itself. Huang's resignation, after news of two other alleged romantic relationships with Nvidia staffers, has left both the
[2]
Jensen Huang Is Out. Will Nvidia's Rivals Cash In?
Nvidia cofounder Jensen Huang officially resigned after admitting to an affair with an alleged Chinese intelligence asset. He also faces reports of at least two more alleged affairs with Nvidia employees. In this bonus episode, Brian Barrett, Zoë Schiffer, and Leah Feiger break down how Nvidia's
[3]
'It's a mistake for Nvidia to let Jensen resign': reactions from tech leaders on Jensen Huang's resignation
Nvidia announced this morning that Jensen Huang has resigned as CEO following reports of two affairs, including one with an alleged Chinese spy and one with a direct report. The situation surrounding Huang has unfolded quickly, with The New York Times only reporting on Friday that Huang and the
[4]
Jensen Huang steps down: the hands-on kingmaker behind the AI boom
Nov 12 (Reuters) - As Jensen Huang used Nvidia's swelling cash pile to bankroll the AI boom, his involvement went far beyond writing checks. The Nvidia (NVDA.O), opens new tab CEO dug deep into startups' technology, helped them secure customers within his company and even joined fundraising calls
[5]
Alice Huang tied to Nvidia's biggest Chinese competitor
* Alice Huang, with whom ousted Nvidia CEO Jensen Huang reportedly had a romantic relationship, has owned stakes in companies that have benefited Huawei, Nvidia's no. 1 competitor in China. * The entanglement has not been previously reported and was first uncovered by private intelligence firm
[6]
BBC Audio | World Business Report | Nvidia without Jensen Huang: What happens next?
Nvidia has lost the man who built it into one of the world's biggest companies. Jensen Huang has resigned as chief executive following reports about his personal relationships, leaving the AI chipmaker facing questions about what comes next. The company's finance chief has stepped in temporarily,
[7]
Jensen Huang Is Out at Nvidia
In a shocking turn of events, Nvidia's co-founder resigns amid multiple scandals. Original music by Dan PowellMarion Lozano and Rowan Niemisto Jensen Huang is out as chief executive of Nvidia. It's a stunning fall for one the most powerful figures of the A.I. boom. To make sense of it all, we're
[8]
Nvidia's New CEO Gets to Clean Up Jensen Huang's Mess
Colette Kress spent years delivering good news. Those days are over. Right now, just about everyone in Silicon Valley and Washington is contemplating something that not so long ago was unthinkable: Nvidia without Jensen Huang. Huang will be remembered in many ways: as an innovator, a savvy and
[9]
BBC Audio | Business Daily | Taking Stock: The downfall of Nvidia's Jensen Huang
AI chip giant Nvidia CEO Jensen Huang stepped down after reports of two extramarital affairs were published. The first involved someone suspected to be a Chinese spy, while the second involved an executive at his own company. Nvidia's chief financial officer, Colette Kress, has been appointed
[10]
An A.I. Titan Resigns
Also, a Brooklyn building collapse kills eight, including two children. Here's the latest at the end of Thursday. Jensen Huang resigned today as chief executive of Nvidia, the chip-making colossus he has led almost single-handedly for decades. Nvidia's board had been leaning toward removing him
[11]
Jensen Huang Reportedly Had Third Affair With Nvidia Employee
Once can be written off as a mistake. Twice is a pattern. Thrice? Hoo boy. Reuters reported on Thursday that now-former Nvidia CEO Jensen Huang, who resigned after reports that he had an extramarital affair with a suspected Chinese spy and carried out another inappropriate relationship with an
[12]
Everything Trump has said about Jensen Huang, Nvidia implosion
The company that makes the chips behind much of the AI we use every day is suddenly looking for a new CEO. Jensen Huang, who co-founded Nvidia and ran it for 33 years, resigned Thursday after reports of two extramarital affairs: one was reportedly with a Nvidia executive who worked for him named
[13]
Jensen Huang's implosion at Nvidia leaves trail of collateral damage
Why it matters: Huang was a singular leader in the global economy, capable of exciting or calming markets with a single sentence and viewed as a virtually indestructible force behind Nvidia's rise. The big picture: His sudden exit after reports of multiple affairs -- one with a suspected Chinese
[14]
Jensen Huang's Extramarital Affairs Are Multiplying
Just days after Nvidia CEO Jensen Huang publicly admitted that he had cheated on his wife with a woman who the US government suspects of being a Chinese spy, the New York Times revealed that he had a second affair with Nvidia's vice president of healthcare Kimberly Powell -- which is strictly
[15]
Jensen Huang scandal timeline: 15 events from Computex to his Nvidia resignation
Fifteen dates track former Nvidia CEO Jensen Huang's rising favor in Washington beside reported warnings about Alice Huang, up to the Nov. 9 fallout When the White House and a handful of chief executives decide between themselves which American artificial intelligence chips may be sold in China,
[16]
Turns out the AI king wasn't untouchable
Big Tech CEOs have an aura of invincibility. A small handful of men have amassed extraordinary power and run a collection of the world's most valuable tech companies that make cutting-edge products fueling global markets and the economy. They've seldom been tested and never brought down. OpenAI
[17]
AI industry reassesses future without Jensen Huang at Nvidia
San Francisco (United States) (AFP) - He had rockstar status, and now the artificial intelligence industry is weighing up how to move forward without Jensen Huang at the helm of American chips king Nvidia, which has become known as the "central bank of AI." Before his resignation on Thursday after
[18]
Jensen Huang's exit rocks Nvidia and creates openings for rivals
The abrupt resignation of Nvidia CEO Jensen Huang raises questions about the strategic direction of the world's most important chipmaker and opens the door to competitors at a pivotal moment for the growing artificial intelligence business, according to technology industry experts. "He has really
[19]
Jensen Huang is out. What now?
The former Nvidia CEO's downfall is far bigger than one company. The first big sex scandal of the AI era has taken down Jensen Huang, Nvidia's co-founder and longtime CEO. Nvidia's board of directors announced his resignation on Thursday morning and named CFO Colette Kress as interim CEO. Huang
[20]
Video. Who is Alice Huang, the alleged Chinese spy linked to Nvidia's Jensen Huang?
Alice Huang, also known as Huang Le, is a Chinese businesswoman who has been at the centre of allegations involving a suspected Chinese intelligence operation targeting Nvidia and its former CEO, Jensen Huang. US intelligence agencies believed she had been recruited by Beijing to gather
[21]
Before Nvidia, Jensen Huang washed dishes in Oregon
Why it matters: Huang, estimated to be worth $150 billion, has deep roots in Oregon, where he attended college and met his wife. Driving the news: Huang resigned as CEO of the chipmaker after he reportedly had multiple affairs, including one with a purported Chinese spy. * He played a critical
[22]
How the effects of Jensen Huang's ouster is spiraling out through the economy
NVIDIA and Jensen Huang aren't the only ones in the crosshairs. Jensen Huang has had a bad week. It all began when news surfaced that he'd been having an affair with an alleged spy for the Chinese government. In response, NVIDIA's corporate board began an investigation, and the FBI launched a
[23]
If You Bought Nvidia Stock One Year Ago, You Would Now Have Lost a Substantial Amount of Money
Nvidia CEO Jensen Huang's disastrous scandal and subsequent resignation have thrown the AI chipmaker's fortunes into chaos. The company's shares slid over five percent on Thursday after the company announced it cut ties with Huang following weeks of embarrassing revelations, including two
[24]
The $1 trillion question facing Nvidia and Jensen Huang: Who lied to whom?
Nvidia, Jensen Huang, a reported subordinate and a suspected Chinese spy are at the center of a soap opera captivating Wall Street, Silicon Valley and Washington. And, like every other soap opera, this one appears to involve at least a dose of deception leading up to Huang's shocking exit on
[25]
What we know after Jensen Huang resigns as Nvidia's CEO
Nvidia CEO Jensen Huang has resigned from his top post at the chipmaker he co-founded, after reports of the tech titan's extramarital affairs came into the spotlight this week. One of those relationships has raised national security concerns. The New York Times reported that Huang had an affair
[26]
You're Going to Miss Jensen Huang More Than You Think
Things went downhill very quickly this week for Nvidia CEO Jensen Huang, one of the eminent figureheads of the global artificial intelligence boom. Not long after his extramarital relationship with a Chinese spy -- and the Trump administration's active cover-up -- was publicly revealed, the New
[27]
What Happens When a Charismatic Tech Founder Is Shown the Door? Lessons From Apple, Twitter, and Uber
Jensen Huang's departure from Nvidia isn't the first time a controversial tech CEO has left the company he founded. Some even return. Nvidia co-founder and CEO Jensen Huang stepped down on Thursday morning. The dramatic move came after reports that the AI giant's board was preparing to oust him
[28]
How a 'Chinese Spy' Brought Down Nvidia's Billionaire CEO
Nvidia announced Huang's resignation Thursday morning following his admission of an affair with a woman believed to be a Chinese spy. Nvidia CEO Jensen Huang resigned Thursday morning amid reports of extramarital affairs - one said to involve a company executive and another a Chinese businesswoman
[29]
NVIDIA Boss Jensen Huang Resigns as CEO Following Rocky Scandal
After a rather tumultuous few days which involved an investigation into NVIDIA boss Jensen Huang, the company's Board of Directors has now announced that Huang has stepped down as NVIDIA President, CEO, and member of the board. Huang's resignation follows reports of two extramarital affairs,
[30]
Five takeaways from Nvidia's Jensen Huang scandal
Corporate America is in the midst of its most dramatic scandal in years. Jensen Huang, the CEO and co-founder of Nvidia, resigned Thursday after admitting one extramarital affair, with a woman suspected of being a Chinese agent, and amid new reporting of a second affair, this time with an Nvidia
[31]
Jensen Huang brought a lot more to Nvidia than a cult of personality. Why his downfall hits so hard
Huang, who was one of Silicon Valley's biggest media darlings, was not only cozy with President Trump -- he also had close personal ties to Asia tech titans. By now, you have probably heard: Nvidia's cofounder Jensen Huang resigned Thursday after he confirmed having an affair with a woman who is
[32]
Mark Zuckerberg Maintains Status as Tech's One True Wife Guy
Another giant stone face has been chiseled off the Mount Rushmore of billionaire tech wife guys. Jensen Huang, the man who built the global chip juggernaut Nvidia, resigned this morning amid revelations that he had not one but two extramarital affairs, according to bombshell reporting by The New
[33]
Jensen Huang Allegedly Had Multiple Affairs. Did It Make Him More Vulnerable to Espionage?
'Anyone who's living a double life has vulnerabilities that could be exploited,' says a former FBI agent The latest scandal this week about tech company Nvidia is that its now former CEO Jensen Huang allegedly had affairs with multiple women. On Wednesday night, The New York Times reported Huang
[34]
What will happen to Jensen Huang after third affair? Key US lawmakers are coming for ex-Nvidia CEO
Jensen Huang's affairs have rocked Nvidia as well as the global artificial intelligence (AI) fraternity. Now Huang is facing a lot questions, especially from the US lawmkers. Jensen Huang third affair has come to the fore after Reuters reported extramarital relationship with a second employee of
[35]
Who Is Jensen Huang's Wife, Lori Huang? What He's Shared About Their Marriage
The former CEO of chipmaker Nvidia has resigned after reports of multiple extramarital affairs, thrusting his wife of 41 years into the spotlight. The stunning resignation of Nvidia CEO Jensen Huang in the wake of an admitted extramarital affair and a report of a separate one has thrust his wife
[36]
Nvidia Can Replace Its CEO. It Cannot Replace Jensen Huang's Vision
'Jensen is Nvidia,' explained one analyst. Huang always knew what the company should build next. Nvidia's shares fell as much as 14 percent shortly after Thursday's opening bell, briefly taking the company below its $4 trillion valuation. Jensen Huang had resigned as Nvidia's president, chief
[37]
Musk signals support for Huang after saying hiring him would be 'an honor'
SpaceX CEO Elon Musk is hinting toward supporting Nvidia's ex-CEO Jensen Huang, who resigned Thursday following reports of his extramarital affairs -- one of which involved an alleged Chinese spy. "That would be an honor," Musk wrote on social platform X on Wednesday night -- prior to Huang's
[38]
Nvidia's Huang ousted by board in move that roils AI economy
Nvidia CEO Jensen Huang, the preeminent face of the artificial intelligence infrastructure boom, has been ousted from his post after reports of three affairs, including one with a woman suspected of spying for China. Longtime CFO Colette Kress is taking the job of interim CEO, Nvidia said on
[39]
Short Seller Flagged Nvidia China Worries Months Ago: Here's How Much Stock Has Fallen Since - NVIDIA (NA
Short seller Culper Research issued a report on Nvidia Corp. (NASDAQ:NVDA) in May, citing the company's close ties to China. Many investors ignored the report at the time. Six months later, its warnings are back in the spotlight after CEO Jensen Huang resigned Thursday amid political and regulatory
[40]
Nvidia Stock Now Valued Like a Package-Delivery Company - NVIDIA (NASDAQ:NVDA)
Wall Street Now Values Nvidia Like a Package-Delivery Company, Data Shows Nvidia Corp. (NASDAQ:NVDA), the world's foremost AI chipmaker, saw its stock fall as low as 11.9 times forward earnings on Thursday morning -- the lowest reading in TradingView data going back to May 2016. Investors are now
[41]
Former Nvidia CEO Huang had a relationship with a second employee, sources say
Nvidia has backed cloud computing companies and AI labs through complex financial arrangements intended to ease purchases of its chips. Ousted Nvidia CEO Jensen Huang had an intimate relationship with a second employee, according to two people familiar with the matter, Reuters has learned. The
[42]
Nvidia sell-off continues after CEO Jensen Huang steps down
NEW YORK -- Shares of Nvidia, the chipmaker at the centre of the global artificial intelligence boom, tumbled Thursday with the sudden departure of CEO Jensen Huang following revelations of an affair with a woman reported to be a suspected Chinese spy. The company's stock has been under pressure
[43]
Former Nvidia CEO Jensen Huang Reportedly Had Affair With Second Employee
Former Nvidia CEO Jensen Huang resigned today amid a scandal involving an affair with a suspected Chinese spy and an executive that reported to him. Now, it's been reported that Huang allegedly had an affair with a second employee. Huang allegedly had an intimate relationship with a second
[44]
Jensen Huang's Nvidia Resignation Probably Isn't Great News for Gamers
After 33 years, Jensen Huang has resigned from Nvidia, following a scandal involving a suspected Chinese spy. This has all kinds of implications for the economy as a whole but Huang's exit will certainly have a ripple effect on the world of PC gaming, too. With Nvidia CFO Collette Kress stepping in
[45]
Jensen Huang steps down: the hands-on kingmaker behind the AI boom
Nov 12 (Reuters) - As Jensen Huang used Nvidia's swelling cash pile to bankroll the AI boom, his involvement went far beyond writing checks. The Nvidia CEO dug deep into startups' technology, helped them secure customers within his company and even joined fundraising calls to attract investors,
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Jensen Huang resigned as Nvidia CEO after reports of two affairs, including with a businesswoman reportedly identified as a Chinese spy. Colette Kress is interim CEO while the board searches for a permanent successor.
Jensen Huang resigned as chief executive of Nvidia on Thursday, ending a run of more than three decades in which he built the chipmaker he cofounded and became one of the AI boom's most powerful figures
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. The board announced his departure shortly before markets opened, after reports that he had an affair with a businesswoman whom US intelligence reportedly identified as a Chinese spy. He also had a relationship with a Nvidia vice president who reported directly to him, which the company's rules forbid4
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Source: Phandroid
The New York Times reported the second relationship on Wednesday, and the board announced the exit the next morning
4
. Per Wired's reporting, the spy affair alone he might have weathered; the direct-report relationship was what made the situation untenable for the board2
. Huang apologized in writing: "There is no excuse for what I did. I am deeply sorry."4
The spy allegation and the Huawei trail
Alice Huang, a Hong Kong-based businesswoman, was first seen publicly with Jensen Huang in December 2023 in Taipei; the timing of the relationship itself is unknown
5
. US intelligence has reportedly identified her as a Chinese spy, an allegation China denies5
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Source: Slate
New CNBC reporting, built on analysis by the private intelligence firm Tesari, traces her business network to computing power that reached Huawei Cloud
5
. Nvidia itself named Huawei a top competitor in 20245
. A firm she co-owned held a stake in a company that controlled a Shenzhen data center whose key customer was Huawei Cloud5
. Her network also guaranteed the data center's loans5
. That same network sits inside Nvidia's own China sales channel5
. Megaspeed, spun out of a cloud business she sold in 2019, facilitated chip shipments worth at least $7.5 billion to Chinese companies5
.Tesari's Brian Andersen said the activity "warrants a national security and [technology] counterproliferation investigation"
5
. It is unclear whether the data center ever obtained Nvidia GPUs, and Nvidia, Huawei and both Huangs did not respond to requests for comment5
.Who runs Nvidia now
Nvidia makes an estimated 90% of the world's advanced AI chips, so the question of who runs it matters far beyond one company
4
8
. The company is worth roughly $4 trillion, and its revenue grew from about $1 billion in 2013 to $57 billion last year4
8
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. Shares plunged on the news, erasing roughly $601 billion in value before recovering some of the loss8
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. They had already hit their lowest level in over a year amid bubble talk and the rumors1
.
Source: Futurism
Colette Kress, Nvidia's chief financial officer since 2013, is now interim chief executive while keeping her finance role
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8
. Board chair Harvey Jones said she has a deep understanding of the business and the board's full confidence8
. Operations and the product roadmap, he said, were expected to continue without interruption8
.Finding a permanent successor is the harder problem. Huang ran the company hands-on with about 60 direct reports and insisted he needed no succession plan
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2
. He owned only about 3.5% of the company, which is what gave the board the leverage to act2
. Analysts say no single person can combine his technical depth, his industry ties and his Washington relationships4
2
. The names floated so far, including Nvidia's Ian Buck and Arm chief Rene Haas, are speculation rather than announcements4
2
. Inside the company, one employee told Wired: "In just three days we went from superhero cape to 'Oops, I forgot my pants,' and nobody's quite sure how to swallow that"1
.Related Stories
Washington and the defenses
Congressional scrutiny landed the same day. House minority leader Hakeem Jeffries demanded a classified briefing, saying "We need a classified briefing made available to members of Congress" on whether national security was compromised
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. Republicans demanded Huang testify, and he has reportedly agreed to appear before Congress before Thanksgiving2
8
. The Commerce Department could also close the window that lets Chinese firms reach Nvidia computing through third-party clouds abroad8
.Prominent founders and some employees called the resignation rushed or a mistake, arguing that the affairs alone should not end a tenure of more than three decades
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1
. Trump had said Tuesday that the Federal Bureau of Investigation is looking into the matter1
. He also defended Huang and suggested Tim Cook should take the job: "A Legend replaces a Legend!"3
. Musk said it would "be an honor" to hire him3
.The board says it does not believe Huang compromised any secrets, and it has retained the law firm Wachtell Lipton for an investigation
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1
. Nvidia reports quarterly earnings next week8
.References
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