# Nvidia CEO Jensen Huang resigns amid spy, affair scandals

Source: [AI | The Verge](https://www.theverge.com/ai-artificial-intelligence/1031689/jensen-huang-nvidia-ceo-resigns) · 2026-11-12 · AI
Page: https://themorning.dev/story/nvidia-ceo-jensen-huang-resigns-amid-spy-affair-scandals-426b199762db8714
Kind: business · Impact: high

## In brief

- Nvidia's board reportedly moved to oust CEO Jensen Huang on 2026-11-11, after reports of two extramarital affairs, one with a woman suspected of spying for China.
- On 2026-11-12 Huang resigned as CEO, president and board member, and CFO Colette Kress was named interim CEO.
- Nvidia shares dropped sharply at the Thursday open, pushing market capitalization below $4 trillion for the first time since 2025.

## Why it matters

Nvidia is the leading supplier of AI chips, so a abrupt leadership change at the company can affect its product roadmap, partners and the broader AI market. Sources say analysts expect no immediate change to product rollout, but the long-term direction is uncertain.

## Timeline

- 2026-11-11: Wall Street Journal reports Nvidia's board is preparing to oust Huang
- 2026-11-11: New York Times reports a second alleged extramarital affair, with a Nvidia vice president
- 2026-11-12: Board works with an outside firm to identify possible CEO replacements, reportedly weighing a temporary CEO
- 2026-11-12: Jensen Huang resigns as Nvidia CEO, president and board member
- 2026-11-12: CFO Colette Kress named interim CEO
- 2026-11-12: Harvey C. Jones appointed as Nvidia's first-ever board chair

## Coverage

- [Nvidia dropped 14% at Thursday's open after Jensen Huang resigned, erasing $600B+ in value and taking its market cap below $4T for the first time since 2025 (Bloomberg)](https://www.techmeme.com/261112/p34#a261112p34) — Techmeme, 2026-11-12
- [Jensen Huang's resignation caps a 33-year career, growing Nvidia from a GPU maker to AI giant; born in Taiwan, he moved to the US at 10 and owns 3.6% of Nvidia (Amrith Ramkumar/Wall Street Journal)](https://www.techmeme.com/261112/p33#a261112p33) — Techmeme, 2026-11-12
- [Jensen Huang's Nvidia ploughed its vast profits into bankrolling AI startups, suppliers, and chip customers, a web of dependencies that could now unravel (Financial Times)](https://www.techmeme.com/261112/p32#a261112p32) — Techmeme, 2026-11-12
- [Nvidia Market Value Sinks Below $4 Trillion After Huang Resigns](https://www.bloomberg.com/news/articles/2026-11-12/nvidia-market-value-sinks-below-4-trillion-after-huang-resigns) — Bloomberg Technology, 2026-11-12
- [What Huang's Departure Means for the Future of Nvidia](https://www.bloomberg.com/news/videos/2026-11-12/what-huang-s-departure-means-for-the-future-of-nvidia-video) — Bloomberg Technology, 2026-11-12
- [A profile of interim Nvidia CEO Colette Kress, who joined in 2013 after working at Cisco and Microsoft; as CFO, Kress criticized US export controls on China (Adam Satariano/New York Times)](https://www.techmeme.com/261112/p31#a261112p31) — Techmeme, 2026-11-12
- [The unfolding Jensen Huang scandal: a timeline](https://techcrunch.com/2026/11/12/nvidia-ceo-jensen-huangs-affair-with-alleged-chinese-spy-a-timeline/) — AI News & Artificial Intelligence | TechCrunch, 2026-11-12
- [Nvidia appoints ex-Synopsys CEO Harvey C. Jones as its first-ever board chair; the board's Jensen Huang exit press release does not include a quote from Huang (Hayden Field/The Verge)](https://www.techmeme.com/261112/p29#a261112p29) — Techmeme, 2026-11-12
- [Singapore says it held Alice Huang's passport from June 2025 to February 2026 and released her with a "stern warning" after the US provided very little help (Paul Mozur/New York Times)](https://www.techmeme.com/261112/p30#a261112p30) — Techmeme, 2026-11-12
- [Jensen Huang Resigns as Nvidia CEO](https://www.bloomberg.com/news/videos/2026-11-12/jensen-huang-resigns-as-nvidia-ceo-video) — Bloomberg Technology, 2026-11-12
- [Jensen Huang resigns as Nvidia chief executive](https://www.theregister.com/systems/2026/11/12/jensen-huang-resigns-as-nvidia-chief-executive/5309411) — www.theregister.com - Articles, 2026-11-12
- [Meet Colette Kress, Nvidia’s New Interim CEO](https://www.wired.com/story/who-is-colette-kress-the-woman-who-could-succeed-jensen-huang/) — Business Latest, 2026-11-12
- [Jensen Huang resigns as Nvidia CEO after espionage scandal wipes out $1.4 trillion in market value](https://the-decoder.com/jensen-huang-resigns-as-nvidia-ceo-after-espionage-scandal-wipes-out-1-4-trillion-in-market-value/) — The Decoder, 2026-11-12
- [Nvidia’s Jensen Huang resigns, chipmaker names CFO Colette Kress as interim CEO](https://techcrunch.com/2026/11/12/nvidias-jensen-huang-resigns-chipmaker-names-cfo-colette-kress-as-interim-ceo/) — TechCrunch, 2026-11-12
- [Jensen Huang Ousted as Nvidia CEO](https://www.bloomberg.com/news/videos/2026-11-12/jensen-huang-ousted-as-nvidia-ceo-video) — Bloomberg Technology, 2026-11-12
- [Jensen Huang is out as NVIDIA CEO](https://www.engadget.com/2314584/jensen-huang-is-out-as-nvidia-ceo/) — Engadget - Technology News & Expert Reviews, 2026-11-12
- [Nvidia CEO Jensen Huang resigns in the wake of multiple affairs, Chinese spy allegations](https://www.tomshardware.com/tech-industry/nvidia-confirms-jensen-huang-has-resigned-as-ceo-colette-kress-executive-vice-president-and-chief-financial-officer-appointed-interim-ceo) — Latest from Tom's Hardware, 2026-11-12
- [NVIDIA CEO Jensen Huang Resigns](https://www.phoronix.com/news/NVIDIA-Jensen-Huang-Resigns) — Phoronix, 2026-11-12
- [Jensen Huang Resigns as Nvidia CEO](https://www.wired.com/story/nvidia-ceo-jensen-huang-steps-down/) — Business Latest, 2026-11-12
- [Jensen Huang resigns as Nvidia CEO immediately](https://www.reuters.com/live/nvidia-live-board-meets-fate-ceo-jensen-huang-after-affair-reports-2026-11-12/) — Hacker News: Front Page, 2026-11-12
- [Nvidia CEO Jensen Huang resigns amid spy, affair scandals](https://www.theverge.com/ai-artificial-intelligence/1031689/jensen-huang-nvidia-ceo-resigns) — AI | The Verge, 2026-11-12
- [Jensen Huang resigns as Nvidia CEO, president, and board member; CFO Colette Kress will be interim CEO, as the board considers candidates; NVDA drops 5%+ (Nvidia Newsroom)](https://www.techmeme.com/261112/p26#a261112p26) — Techmeme, 2026-11-12
- [NVIDIA Announces CEO Transition](https://nvidianews.nvidia.com/news/nvidia-announces-ceo-transition) — Hacker News: Front Page, 2026-11-12
- [Huang, Face of the AI Boom, Ousted by Nvidia Board as CEO](https://www.bloomberg.com/news/articles/2026-11-12/jensen-huang-face-of-the-ai-boom-ousted-by-nvidia-board-as-ceo) — Bloomberg Technology, 2026-11-12
- [Singapore Bars Alice Huang From Entry After False-Document Probe](https://www.bloomberg.com/news/articles/2026-11-12/singapore-says-warns-alice-huang-lacks-evidence-of-offenses) — Bloomberg Technology, 2026-11-12
- [Nvidia Default Risk Nears Record High as Board Weighs CEO’s Fate](https://www.bloomberg.com/news/articles/2026-11-12/nvidia-default-risk-nears-record-high-as-board-weighs-ceo-s-fate) — Bloomberg Technology, 2026-11-12
- [Nvidia Drama Triggers Difficult Search for Huang’s Successor](https://www.bloomberg.com/news/videos/2026-11-12/nvidia-considers-huang-s-future-after-affair-video) — Bloomberg Technology, 2026-11-12
- [Sources: Nvidia employees, known for their fierce loyalty to Jensen Huang, have been left stunned and some are angry at the news of his extramarital affairs (Michael Acton/Financial Times)](https://www.techmeme.com/261112/p20#a261112p20) — Techmeme, 2026-11-12
- [A look at Nvidia's 10-person board, many of whom have known Jensen Huang for decades, including attorney Stephen Neal, VC Tench Coxe, and academic John Dabiri (Bloomberg)](https://www.techmeme.com/261112/p16#a261112p16) — Techmeme, 2026-11-12
- [Sources: Alice Huang's business partner and husband Kang Wei spoke openly of her Jensen Huang relationship; Wei, who knew Jensen for a decade, introduced them (Lingling Wei/Wall Street Journal)](https://www.techmeme.com/261112/p15#a261112p15) — Techmeme, 2026-11-12
- [A look at potential Nvidia CEO candidates, including CFO Colette Kress, CUDA inventor Ian Buck, Arm CEO Rene Haas, and Apple Chief Hardware Officer Johny Srouji (Bloomberg)](https://www.techmeme.com/261112/p14#a261112p14) — Techmeme, 2026-11-12
- [Nvidia's Board Weighs Huang's Future After Affairs](https://www.bloomberg.com/news/videos/2026-11-12/nvidia-s-board-weighs-huang-s-future-after-affairs-video) — Bloomberg Technology, 2026-11-12
- [Alice Huang Resurfaces in Beijing Amid Nvidia Scandal](https://www.bloomberg.com/news/videos/2026-11-12/alice-huang-resurfaces-in-beijing-amid-nvidia-scandal-video) — Bloomberg Technology, 2026-11-12
- [The Nvidia Board Members Who Will Decide Jensen Huang’s Fate](https://www.bloomberg.com/news/articles/2026-11-12/the-nvidia-board-members-who-will-decide-jensen-huang-s-fate) — Bloomberg Technology, 2026-11-12
- [Elon Musk Says It Would Be an Honor to Hire Nvidia’s Huang](https://www.bloomberg.com/news/articles/2026-11-12/elon-musk-says-it-would-be-an-honor-to-hire-nvidia-jensen-huang) — Bloomberg Technology, 2026-11-12
- [AMD shares rose 4%+ after hours after closing up 7.3%, while Broadcom gained 2.4% after hours following a 4% gain, as Nvidia's board weighs ousting CEO Huang (Financial Times)](https://www.techmeme.com/261112/p1#a261112p1) — Techmeme, 2026-11-12
- [Nvidia Faces More Risks in Deal Pace Than Huang Exit, BI Says](https://www.bloomberg.com/news/articles/2026-11-12/nvidia-faces-more-risks-in-deal-pace-than-huang-exit-bi-says) — Bloomberg Technology, 2026-11-12
- [Nvidia Drama Triggers Difficult Search for Huang’s Successor](https://www.bloomberg.com/news/articles/2026-11-12/nvidia-drama-triggers-difficult-search-for-huang-s-successor) — Bloomberg Technology, 2026-11-12
- [HSBC’s Kettner Sees Nvidia CEO Change Priced In](https://www.bloomberg.com/news/videos/2026-11-12/hsbc-s-kettner-sees-nvidia-ceo-change-priced-in-video) — Bloomberg Technology, 2026-11-12
- [Sources: some Trump officials questioned Jensen Huang's push for Trump to allow more chip sales to China, even before his affair with Alice Huang became public (Wall Street Journal)](https://www.techmeme.com/261111/p54#a261111p54) — Techmeme, 2026-11-12
- [What Could Come Next After Huang’s Ouster?](https://www.bloomberg.com/news/videos/2026-11-12/what-could-come-next-after-huang-s-ouster-video) — Bloomberg Technology, 2026-11-12
- [Will Nvidia Replace Jensen Huang as CEO? What’s Next for AI, Markets?: Live Q&A](https://www.bloomberg.com/sessions/2026-11-11/live-q-amp-a-will-jensen-huang-be-replaced-as-ceo-what-s-next-for-nvidia) — Bloomberg Technology, 2026-11-12
- [Who could replace Jensen Huang? A highly unscientific list of possible successors](https://techcrunch.com/2026/11/11/who-could-replace-jensen-huang-a-highly-unscientific-list-of-possible-successors/) — AI News & Artificial Intelligence | TechCrunch, 2026-11-12
- [Sources: some Nvidia board members favor naming CFO Colette Kress interim CEO; an administration official says the board briefed the White House on its meeting (Semafor)](https://www.techmeme.com/261111/p52#a261111p52) — Techmeme, 2026-11-12
- [Nvidia to Decide on Jensen Huang’s Fate](https://www.bloomberg.com/news/videos/2026-11-12/nvidia-to-decide-on-jensen-huang-s-fate-video) — Bloomberg Technology, 2026-11-12
- [Nvidia’s CEO Change Won’t Derail AI Trade: Pepperstone](https://www.bloomberg.com/news/videos/2026-11-12/nvidia-s-ceo-change-won-t-derail-ai-trade-pepperstone-video) — Bloomberg Technology, 2026-11-12
- [Nvidia Working With Outside Firm to Identify CEO Options](https://www.bloomberg.com/news/videos/2026-11-12/nvidia-working-with-outside-firm-to-identify-ceo-options-video) — Bloomberg Technology, 2026-11-12
- [Source: Nvidia's board is working with an outside firm to identify possible replacements for Jensen Huang and weighs naming a temporary CEO during the search (Bloomberg)](https://www.techmeme.com/261111/p48#a261111p48) — Techmeme, 2026-11-12
- [Nvidia Working With Outside Firm to Identify CEO Candidates](https://www.bloomberg.com/news/articles/2026-11-11/nvidia-working-with-outside-firm-to-identify-ceo-candidates) — Bloomberg Technology, 2026-11-11
- [Nvidia’s Board reportedly preparing to oust CEO Jensen Huang as second extra-marital affair emerges](https://www.tomshardware.com/pc-components/gpus/nvidias-board-reportedly-preparing-to-oust-ceo-jensen-huang-as-second-extra-marital-affair-emerges-stock-has-plunged-20-percent-since-scandals-began-huang-has-been-first-and-only-ceo-for-33-years) — Latest from Tom's Hardware, 2026-11-11
- [Nvidia Board Meets on Huang’s Fate After Affair With Alleged Spy](https://www.bloomberg.com/news/articles/2026-11-11/nvidia-board-meets-on-huang-s-fate-after-affair-with-alleged-spy) — Bloomberg Technology, 2026-11-11
- [Nvidia’s stock drops as board reportedly preps to oust CEO Jensen Huang](https://techcrunch.com/2026/11/11/nvidias-stock-drops-as-board-reportedly-preps-to-oust-ceo-jensen-huang/) — AI News & Artificial Intelligence | TechCrunch, 2026-11-11
- [Nvidia Working With Outside Firm to Identify CEO Candidates](https://www.bloomberg.com/news/live-blog/2026-11-11/nvidia-turmoil-board-to-weigh-ceo-jensen-huang-future-over-alleged-affairs) — Bloomberg Technology, 2026-11-11
- [Nvidia is reportedly preparing to fire Jensen Huang](https://www.theverge.com/tech/1031652/jensen-huang-rumor) — AI | The Verge, 2026-11-11
- [Huang Said to Have Had Affair With Nvidia Executive: NYT](https://www.bloomberg.com/news/videos/2026-11-11/huang-said-to-have-had-affair-with-nvidia-executive-nyt-video) — Bloomberg Technology, 2026-11-11
- [Sources: Nvidia's board is preparing to oust Jensen Huang; it plans to meet as soon as Wednesday to determine his future (Wall Street Journal)](https://www.techmeme.com/261111/p44#a261111p44) — Techmeme, 2026-11-11
- [Nvidia is preparing to oust Jensen Huang](https://www.wsj.com/business/nvidia-is-preparing-to-oust-nvidia-ceo-jensen-huang-30f421ad) — Hacker News: Front Page, 2026-11-11
- [Nvidia Preparing to Oust Jensen Huang After Affairs, WSJ Says](https://www.bloomberg.com/news/articles/2026-11-11/nvidia-ceo-had-an-affair-with-health-executive-at-firm-nyt-says) — Bloomberg Technology, 2026-11-11
- [Sources: Jensen Huang had an extramarital relationship with Nvidia's VP of healthcare, Kimberly Powell, who reports to him; it was discussed inside the company (New York Times)](https://www.techmeme.com/261111/p43#a261111p43) — Techmeme, 2026-11-11

Tags: nvidia, leadership, governance, ai-chips, jensen-huang

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