Jensen Huang Resigns as Nvidia CEO Amid Independent Probe Into Security and Conduct
- On Thursday, Nvidia founder and CEO Jensen Huang resigned effective immediately as president, CEO and board member, with CFO Colette Kress named interim CEO and Harvey C. Jones appointed as the company's first-ever board chairman.
- Revelations of two extramarital affairs—one with Alice Huang, a former Megaspeed executive suspected by U.S. intelligence of Chinese espionage, and another with Kimberly Powell, an Nvidia vice president—intensified pressure on the CEO.
- Nvidia shares plummeted more than 10% in premarket trading Thursday, erasing more than $600 billion in market value during the week as investors reacted to the leadership vacuum.
- Nvidia's board launched a search for a permanent successor considering internal and external candidates, while confirming third-quarter fiscal 2027 earnings will release as scheduled Tuesday, November 17.
- Market intelligence firm Morningstar warned that Huang's exit could lead to less AI dealmaking and greater regulation, threatening the stability of the ecosystem he helped bankroll through Nvidia's infrastructure investments.
1459 Articles
1459 Articles
The founder of Nvidia resigns before his own council dismisses him. Three affaires, an alleged spy and a question: why now?
Nvidia CEO Resignation Adds Pressure to AI Market, Analysts Warn of Bubble Risk
Analysts have warned that the resignation of Jensen Huang as CEO of graphics processing unit (GPU) maker Nvidia adds pressure to the artificial intelligence (AI) market [1]. According to the Washington Times, Huang stepped down as Nvidia CEO on Thursday, Nov. 12. His resignation followed revelations of his extramarital affairs with a Chinese executive believed to be spying for Beijing, and a company executive who reported to him [1]. The company…
Nvidia Is Weighing Whether to Oust Jensen Huang. The Demand Behind Its $108 Billion Quarter Hasn't Moved
Nvidia's board is weighing whether to oust Jensen Huang, and the stock has lost about $600 billion this week. You won't find the same shock in the demand data, though: Nvidia still guides to $108 billion this quarter, while Amazon, Alphabet, Meta and Microsoft plan roughly $730 billion in capex.
To Nvidia and Beyond: Measuring the Extent of China’s Infiltration
Jensen Huang's stunning resignation from Nvidia is filling headlines and roiling Wall Street this week. From one angle, the storm circling around Huang is the result of yet another uberwealthy tech titan straying from his marriage. It is also a warning that America's enemies are determined to infiltrate all levels of our society to subvert it. This country needs more defenses against foreign espionage. The post To Nvidia and Beyond: Measuring th…
The McDowell News
Nvidia CEO resigns amid affair scandals
Nvidia CEO Jensen Huang stepped down Thursday after revelations of three extramarital affairs, including one involving an alleged Chinese spy, plunged the chipmaker into crisis and shook the artificial intelligence industry he helped bankroll.
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