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Jensen Huang Resigns as Nvidia CEO Amid Independent Probe Into Security and Conduct
The board said operations and customer commitments will continue without interruption as it searches for a permanent successor.
- On Thursday, November 12, 2026, Nvidia's board announced CEO Jensen Huang resigned effective immediately, appointing CFO Colette Kress as interim CEO and Harvey C. Jones as the company's first board chair.
- Directors launched an independent probe after reports that Huang had affairs with Megaspeed executive Alice Huang, identified by U.S. intelligence as a Chinese asset, and a subordinate who reported to him.
- Nvidia shares plummeted 10% in premarket trading Thursday, wiping out about $600 billion in market value this week as investors reacted to leadership uncertainty and potential disruption to the AI infrastructure boom.
- The company is initiating a search for a permanent CEO considering internal and external candidates, while management confirmed third-quarter fiscal 2027 results will proceed as scheduled on November 17.
- Huang's exit leaves the $4 trillion company navigating an extraordinary transition without a clear successor, while analysts warn the departure could lead to increased regulation and political backlash around artificial intelligence.
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Jensen Huang resigns as Nvidia CEO amid Chinese spy scandal
The aftermath of the alleged 'Chinese spy scandal' has hit Nvidia, with CEO Jensen Huang opting to resign amidst mounting pressure. Huang has been in the eye of a storm after it was revealed that he had an affair with Alice Huang (not his relation) a Chinese businesswoman who it is claimed is an alleged Chinese Intel asset.
Coverage Details
Total News Sources602
Leaning Left92Leaning Right75Center123Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 32%
C 42%
R 26%
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