Nvidia CEO Jensen Huang resigns amid scandal

Jensen Huang, the 63-year-old co-founder and CEO of chipmaking giant Nvidia, has resigned from his positions as CEO, president, and board member following a major personal scandal. The departure was triggered by revelations of two extramarital affairs, one involving a woman suspected by U.S. intelligence of being a Chinese espionage agent, and another with a company vice president who reported directly to him. The events led to an internal board review and immediate management restructuring.

Following Huang's resignation on November 12, 2026, the company appointed Chief Financial Officer Colette Kress as interim CEO. Harvey Jones was named the new board chair. The scandal caused significant financial turbulence, with Nvidia's stock price dropping sharply, threatening a loss of up to 500 billion dollars in market value. The crisis has reached global financial markets, impacting major institutional investors, including the Swiss National Bank, which held significant shares in the company.

Nvidia has launched an investigation into the allegations, with federal authorities also involved. While the company searches for a permanent successor—drawing public suggestions from political figures like U.S. President Donald Trump—it faces a critical period of operational transition. A follow-up meeting for employees and stakeholders is scheduled for November 18, 2026, to address the company's future.