Nvidia Stock Tumbles After CEO Jensen Huang Resigns
Colette Kress will lead Nvidia while the board searches for a permanent chief executive after Huang’s resignation sent shares down about 5%.
- On Thursday, Nvidia CEO Jensen Huang resigned following revelations of extramarital affairs, including one with a businesswoman accused of spying for China. Colette Kress, executive vice president and chief financial officer, was appointed interim CEO.
- The Nvidia board launched an independent investigation on Sunday regarding foreign intelligence targeting Huang. The New York Times reported on Wednesday that Huang also maintained an extramarital relationship with an Nvidia executive reporting to him.
- Shares of Nvidia dropped about 5% early Thursday, recovering from a plunge of more than 13% at the market open. The company shed hundreds of billions of dollars in sharemarket value over the past week.
- In an internal message to staff, Huang apologized, stating "there is no excuse" for his actions and that they hurt his family. The Chinese government denied the spying allegations as "baseless and purely slanderous smears against China."
- Nvidia is searching for a permanent CEO, considering candidates from both inside and outside the company. Kress stated she is committed to building on the foundation Huang created over 33 years.
23 Articles
23 Articles
MyCentralOregon.com
Nvidia stock tumbles after CEO Jensen Huang resigns
A pedestrian walks in front of a Nvidia sign outside the company’s headquarters on November 12, 2026 in Santa Clara, California. Jensen Huang resigned as Nvidia’s CEO after it was revealed that he had two extramarital affairs,
NVIDIA FOUNDER Jensen Huang has resigned after 33 years due to extramarital affairs that have shaken the market and the entire technology industry.
The founder of Nvidia resigned this Thursday as CEO for the pressure he received after revealing the scandal of his infidelities, among them with a supposed Chinese spy
(Los Angeles = Yonhap News) Correspondent Kim Kyung-yoon = As former Nvidia CEO Jensen Huang was effectively dismissed due to a series of extramarital affair scandals, the ... he created
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