Jensen Huang resigned as Nvidia chief executive officer on November 12, 2026, following reports of two affairs, including one with an alleged Chinese spy. Nvidia chief financial officer Colette Kress was named interim CEO as Nvidia stock dropped 9 percent in early trading. While Nvidia's board praised Huang's profound contributions, Wall Street sources warned his departure could endanger the growing artificial intelligence market bubble.
Jensen Huang resigns amid affair scandal
- ▪Jensen Huang resigned as chief executive officer of Nvidia on November 12, 2026
- ▪Jensen Huang's resignation as Nvidia chief executive officer followed reports that he engaged in two personal affairs
- ▪One of the women involved in Jensen Huang's reported affairs is suspected of being a Chinese spy
Nvidia leadership transition and board reaction
- ▪The Nvidia board of directors issued a statement formally thanking Jensen Huang for his immeasurable contributions to Nvidia and the technology industry, describing Nvidia as a consequential technology company
- ▪Nvidia chief financial officer Colette Kress was appointed to serve as interim chief executive officer
Market reaction to Jensen Huang's resignation
- ▪Nvidia's stock price dropped by 9 percent in early trading on November 12, 2026 following news of Jensen Huang's resignation
- ▪Wall Street sources stated that Jensen Huang's resignation from Nvidia could act as a catalyst that endangers a ballooning artificial intelligence market bubble
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