Nvidia CEO Jensen Huang has resigned from his position following a major controversy involving allegations of an extramarital affair with a woman suspected by US authorities of having links to Chinese intelligence. His sudden departure has sent shockwaves through the global technology industry, while Nvidia’s shares have suffered a significant decline.
Nvidia announced on November 12, 2026, that Huang had stepped down as president and chief executive officer, effective immediately. The company’s board also confirmed that he would leave his position as a board member.
The controversy began after reports emerged about Huang’s relationship with Alice Huang, a Singapore-based technology executive whom US intelligence officials reportedly suspect of having connections to Chinese intelligence. Huang admitted to an extramarital relationship but has denied knowing that the woman was allegedly connected to the Chinese government.
The situation intensified after reports of another alleged relationship involving a senior Nvidia employee. These revelations prompted the company’s board to launch an independent investigation into whether Huang had been targeted by a foreign intelligence operation.
Following his resignation, Nvidia’s chief financial officer, Colette Kress, has been appointed interim chief executive officer while the company searches for a permanent replacement. The board has also appointed Harvey Jones as its first-ever chairman.
The leadership crisis has created uncertainty among investors. Nvidia shares dropped sharply amid concerns about the company’s leadership, corporate governance and future direction. The decline also raised questions about the stability of the artificial intelligence industry, where Nvidia plays a central role through its advanced processors and data-centre technology.
Huang co-founded Nvidia and transformed it into one of the world’s most influential technology companies. His departure marks a major turning point for the semiconductor giant.
Investors and industry observers will now closely watch how Nvidia manages its leadership transition and maintains its position in the rapidly expanding global AI market.
