Nvidia says Jensen Huang has resigned as president and Chief Executive Officer of the American multinational technology company with immediate effect.
Nvidia, in a statement on Thursday, November 12, 2026, said the Chief Financial Officer, Colette Kress, has been appointed as interim CEO while keeping her existing roles.
Huang, 63, stepped down following a board meeting amid reports of two extramarital affairs, one involving Alice Huang, a woman alleged to be a Chinese spy.
Huang, who co-founded Nvidia more than three decades ago, owns about 3.6 per cent of the company’s shares and oversees a management structure in which dozens of senior executives report directly to him, underscoring his central role in the firm’s operations.
Nvidia directors set to sack CEO Jensen Huang over affairs with Chinese spy
The controversy has rattled investors, with Nvidia shares falling about eight per cent in after-hours trading on Wednesday, extending losses that have wiped roughly $600 billion off the company’s market value this week.
The crisis deepened after Huang admitted in an internal memo to employees on Sunday that he had been unfaithful to his wife, saying he accepted “full responsibility” for his actions, although he did not disclose details of the relationship.
The company’s board has also opened an investigation to determine whether Huang may have been the target of a foreign intelligence operation following allegations that one of the women involved had links to Chinese espionage.
Amid the controversy, United States President Donald Trump publicly backed the Nvidia chief, describing him as “an honorable guy” who had “done an amazing job for our country.”
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