WorldPosted at: Nov 12 2026 9:42PM


Jensen Huang resigns as Nvidia CEO after 33 years amid revelations of extramarital affairs

Santa Clara, Nov 12 (UNI) Jensen Huang has resigned as Nvidia's president and chief executive with immediate effect, ending his 33-year tenure at the chipmaker amid the recent revelations about his two extramarital relationships, including one with a woman suspected by US intelligence of having links to Chinese espionage, reports Euronews.
Nvidia's board announced the departure on Thursday, confirming that chief financial officer Colette Kress would take over as interim CEO while the company searches for a permanent replacement.
Kress, who joined Nvidia in September 2013, will retain her finance role during the transition.
The board also appointed Harvey C Jones as Nvidia's first-ever chairman. It said it had full confidence in Kress and the leadership team and expected the company's operations, customer commitments and product roadmap to continue without interruption.
Huang, who co-founded Nvidia in 1993 with two fellow engineers, has also stepped down from the board. The company did not give a reason for his resignation.
His departure follows mounting scrutiny over his personal relationships and their potential implications for Nvidia's corporate governance and national security. Huang acknowledged on Sunday that he had been unfaithful to his wife, apologising to her and their children in an email to staff.
One of the relationships involved Alice Huang, also known as Huang Le, a former senior executive at Singapore-based data centre company Megaspeed, one of Nvidia's major customers in Southeast Asia.
US intelligence officials reportedly suspect her of being a Chinese intelligence asset and have investigated whether she helped facilitate the transfer of restricted AI chips to China.
According to Axios, an intelligence memorandum outlining concerns about the relationship and a separate chip-smuggling investigation had circulated among senior US officials earlier this year. Beijing has rejected the allegations, dismissing them as groundless speculation.
Nvidia's board had launched an independent investigation into the matter, but said it had "no reason to believe" that national security or the company's confidential information had been compromised.
A second relationship was reported by The New York Times on Wednesday. The newspaper said Huang had been involved with Kimberly Powell, Nvidia's vice-president of healthcare, who reported directly to him. Its report cited people familiar with the relationship and footage showing the two being affectionate at a conference in San Jose, California.
The revelations prompted fresh questions about Nvidia's internal conduct policies, which advise employees to avoid conflicts of interest and specifically refer to personal relationships.
The market reaction to Huang's departure was sharp, with Nvidia shares falling by as much as 13% in early trading. Around $800 billion (€720 billion) had been wiped off the chipmaker's market value since the weekend, according to reports.
Huang's exit has also raised concerns about the wider AI industry, given Nvidia's central role in supplying the processors and financing that underpin the sector. The company is among the largest holdings in major stock market index funds, meaning sharp movements in its valuation can affect investors with broad market exposure.
The company is scheduled to release its quarterly results on November 17. Kress will lead Nvidia through the immediate transition as its board considers internal and external candidates for the permanent chief executive position.
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