Nvidia CEO Jensen Huang resigns amid scandal over extramarital affairs and security concerns

Jensen Huang, the co-founder and CEO of Nvidia, resigned from all positions at the company on November 12, 2026. This sudden departure follows allegations of multiple extramarital affairs, including a relationship with a woman suspected by U.S. intelligence of being a Chinese spy. The 63-year-old executive also reportedly had affairs with an internal subordinate and another employee.

The resignation has caused significant market instability, with Nvidia shares dropping over 12% initially, threatening approximately 500 billion dollars in market value. The board of directors has appointed Chief Financial Officer Colette Kress as interim CEO, while Harvey Jones has been named the company's first board chair. Prior to the resignation, U.S. President Donald Trump reportedly attempted to convince Huang to remain in his position.

Following the exit, U.S. Senator Tim Scott, chair of the Senate Banking Committee, has summoned Huang and U.S. Commerce Secretary Howard Lutnick to testify on December 3 and December 10, respectively. The inquiries are focused on potential threats to national security and the protection of sensitive U.S. technology. Huang leaves behind a company with a market valuation of four trillion dollars, which is now searching for a permanent successor.