Jensen Huang resigns as Nvidia CEO following stories of two extramarital affairs

What simply occurred? In what was wanting like an more and more inevitable final result, Jensen Huang has resigned as CEO of Nvidia. It comes after stories that Huang had an extramarital affair with a girl suspected of being a Chinese language spy, adopted by a newer revelation of a second alleged affair with Nvidia’s VP of well being care, Kimberly Powell. Colette Kress, the corporate’s present govt vp and chief monetary officer, will take over as interim CEO.

“Nvidia Board of Administrators introduced at the moment that Jensen Huang has resigned as President, Chief Govt Officer, and a member of the Board, efficient instantly,” the board mentioned in an announcement. “Colette Kress, present Govt Vice President and Chief Monetary Officer of NVIDIA, has agreed to function Interim Chief Govt Officer. Kress will proceed to function Govt Vice President and Chief Monetary Officer whereas serving as Interim Chief Govt Officer till a everlasting successor has been named. The Board is initiating a seek for a everlasting Chief Govt Officer and can take into account inside and exterior candidates.”

The billionaire CEO’s troubles started when stories emerged that Huang had been concerned with Alice Huang, a former govt at Singapore-based information middle firm Megaspeed Worldwide. US intelligence officers consider she was working for China’s Ministry of State Safety, tasked with gathering details about American AI expertise and doubtlessly influencing Nvidia’s boss to push for fewer restrictions on superior chip exports to China.

Huang admitted to the extramarital affair on November 8, apologizing to his spouse, household, and colleagues. Nvidia’s board launched an impartial investigation into whether or not any firm secrets and techniques or nationwide safety pursuits had been compromised, though it mentioned there was no proof this had occurred.

Issues rapidly went from dangerous to worse. Nvidia’s shares fell nearly 5% following the admission, wiping round $190 billion off its market worth in a single day. A class-action lawsuit was additionally filed in opposition to Huang and the corporate, accusing them of deceptive traders by concealing the connection.

Nvidia shares have now plunged to round $158 following Huang’s resignation, their lowest stage since July 2025.

Then got here one other revelation, one which seemingly sealed Huang’s destiny. On November 11, stories emerged of a second affair, this time with Powell, who stories on to Huang. The connection raised questions on potential violations of Nvidia’s code of conduct.

Regardless of expressing confidence in Huang simply three days earlier, Nvidia’s board reportedly met on Wednesday to debate eradicating him. His resignation ends his 33-year reign as the corporate’s solely CEO. Huang co-founded Nvidia in April 1993 alongside Chris Malachowsky and Curtis Priem.

Huang is thought for having an in depth relationship with President Donald Trump, having joined his expertise advisory council earlier this 12 months. The Nvidia boss has repeatedly praised Trump’s insurance policies and efficiently pushed the administration to loosen restrictions on AI chip exports to China. Trump even awarded Huang the Nationwide Medal of Science in October. The president defended Huang after the affair allegations emerged, calling him an “honorable man” who had finished an “superb job” for the nation. Trump later mentioned Huang had assured him he knew nothing about Alice Huang’s alleged espionage actions, a declare the president mentioned he believed.

Huang additionally accompanied Trump on a visit to China, and in August, he took a name from the president whereas discussing AI security and regulation on stage on the All-In Summit, placing Trump on speakerphone for the viewers to listen to.

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