Jensen Huang Resigns as NVIDIA CEO Amid Scandal

MGR Online•Economy•45m ago

Reader Briefing

NVIDIA CEO and co-founder Jensen Huang resigned effective immediately following reports of extramarital affairs.

•Jensen Huang resigned as CEO, President, and Board Director of NVIDIA on November 12, 2026.
•Colette Kress has been appointed as acting CEO while remaining CFO.
•NVIDIA shares dropped approximately 10% before the US market opened on November 12.
•The resignation follows reports of Jensen Huang's affairs with a woman linked to China and an NVIDIA executive.

Overview

•NVIDIA announced on November 12, 2026, that Jensen Huang resigned as CEO, President, and Board Director effective immediately.
•The resignation occurred amid pressure from reports of Jensen Huang's extramarital affairs, including one with a businesswoman suspected by US intelligence of links to China.
•NVIDIA appointed Colette Kress, the current CFO, as acting CEO and appointed Harvey C. Jones as Chairman of the Board.
•NVIDIA shares fell approximately 10% before the US market opened on November 12, and Reuters reported a market value loss of about 600,000 million dollars over a week.
•The NVIDIA board confirmed that the leadership transition will not affect business operations, customer relations, or product development plans.
•Jensen Huang sent a letter to employees on November 8 admitting to cheating on his wife and apologizing to his family.
•The New York Times reported a second extramarital affair involving Kimberly Powell, a female executive at NVIDIA.
•NVIDIA is scheduled to announce its third-quarter earnings for fiscal year 2027 on November 17.

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Key Entities

Person

Jensen Huang(เจนเซน หวง)ℹ️

The co-founder and former CEO, President, and Board Director of NVIDIA who resigned on November 12, 2026.

Colette Kress(โคเล็ตต์ เครสส์)ℹ️

The CFO of NVIDIA appointed as acting CEO.

Harvey C. Jones(ฮาร์วีย์ ซี. โจนส์)

The person appointed as Chairman of the Board of NVIDIA.

Kimberly Powell(คิมเบอร์ลี พาวเวลล์)ℹ️

A female executive at NVIDIA involved in an alleged affair with Jensen Huang.

Organization

NVIDIAℹ️

A major global producer of Artificial Intelligence (AI) chips.

Reutersℹ️

A news agency that reported on the decline of NVIDIA's market value.

The New York Timesℹ️

A news organization that reported allegations regarding Jensen Huang's affair with Kimberly Powell.