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Jensen Huang resigns as Nvidia CEO amid affair scandal; CFO Colette Kress named interim chief

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Why it matters

Nvidia's board announced that co-founder Jensen Huang has resigned as president, CEO, and board member, effective immediately. The board accepted his resignation on November 11, 2026, according to the company's 8-K, and issued a press release the next day. CFO Colette Kress will serve as interim CEO while keeping her CFO role. The board, chaired by Harvey C. Jones, the company's first-ever chair, is searching for a permanent CEO and considering internal and external candidates. Nvidia's release gave no reason for the departure. Separate reporting links it to Huang's personal conduct, including extramarital relationships. The New York Times reported that one involved Alice Huang, a Chinese tech executive whom China's Ministry of State Security allegedly recruited to spy on him and learn about Nvidia's AI chips. Another reportedly involved a senior executive who reported directly to him, and Reuters, citing unidentified sources, reported a relationship with a second employee. Nvidia had initially said Huang would stay while it ran an independent investigation. Its stock fell more than 13% in early trading Thursday before partly recovering.

The company has not disclosed the findings of its investigation, and it has not said what it found or when it will report. The FBI is reportedly looking into the relationship with the alleged spy, but the bureau has not publicly confirmed that. The reporting relies largely on anonymous sources, so the full scope of the conduct and the company's basis for the removal remain unverified outside those accounts. The board's move came within days of its original pledge to investigate, a timeline that has drawn attention to how quickly the decision was made.

For attorneys, the near-term focus is disclosure and national security. Watch future 8-K filings for details on the investigation, any governance or indemnification terms in Huang's exit, and any shareholder litigation tied to the stock drop. The China angle could draw scrutiny under US export controls and tech policy, which CNN reports the exit could reshape. Nvidia reports third-quarter fiscal 2027 results on November 17, its first earnings report without a permanent CEO, and that call will be the first major test of investor confidence and of how the company explains its leadership and disclosures.

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