Jensen Huang resigns as Nvidia CEO after 33 years amid personal scandal
Nvidia co-founder Jensen Huang has resigned as president, chief executive, and board member effective immediately following controversy surrounding extramarital affairs. Chief Financial Officer Colette Kress has stepped in as interim CEO while the board launches a search for a permanent successor.
Nvidia announced on November 12, 2026, that Jensen Huang has resigned as president, chief executive officer, and board member, ending a 33-year tenure leading the chipmaker he co-founded in 1993. Longtime Chief Financial Officer Colette Kress was named interim CEO while retaining her finance role, and former Synopsys CEO Harvey C. Jones was appointed Nvidia's first-ever chair of the board as a formal search for a permanent successor begins.[1][10][15][16]
Huang's immediate exit followed mounting scrutiny over extramarital relationships, including an affair with Alice Huang, a businesswoman suspected by U.S. intelligence agencies of links to Chinese intelligence, and a reported relationship with a direct subordinate at Nvidia. The company said its product roadmap, operations, and customer commitments will continue uninterrupted, with third-quarter earnings scheduled for November 17.[5][7][14][17]
The leadership shake-up triggered immediate volatility across technology and artificial intelligence equities. Nvidia shares slid more than 10% in premarket trading before finishing the session down 4.3%, while AI cloud partners such as Nebius and CoreWeave also experienced sharp declines. Meanwhile, rival chipmaker AMD posted substantial gains as investors reassessed the competitive landscape.[3][6][8][18]
Key facts
- Jensen Huang resigned as Nvidia's president, CEO, and board member, effective immediately.
- Huang co-founded Nvidia in 1993 and served as its only CEO for 33 years.
- CFO Colette Kress was appointed interim CEO while continuing in her role as chief financial officer.
- Former Synopsys CEO Harvey C. Jones was appointed Nvidia's first-ever chair of the board.
- The resignation followed revelations of extramarital affairs, including ties to a woman suspected by U.S. intelligence of spying for China and a relationship with an internal subordinate.
- Nvidia stated that operations and product roadmaps will proceed without interruption and that Q3 results remain set for November 17.
- Nvidia shares dropped more than 10% in premarket trading before closing Thursday's session down 4.3%.
Sources · 16 sources
- WB
Wu Blockchain@WuBlockchainPost on X ·
Breaking: NVIDIA Announces Jensen Huang Resigns as CEO and Board Member, CFO Colette Kress Named Interim CEO NVIDIA (NASDAQ: NVDA) announced that its Board of Directors has accepted the resignation of Jensen Huang as President, Chief Executive Officer (CEO), and a member of the Board, effective immediately. Current Executive Vice President and Chief Financial Officer (CFO) Colette Kress has agreed to serve as Interim CEO while continuing in her role as EVP and CFO until a permanent successor is named, as the Board initiates a formal CEO search considering both internal and external candidates; meanwhile, the Board has appointed former Synopsys CEO and Executive Chairman Harvey C. Jones as its first-ever Chair of the Board.
Open source - CO
Complex@ComplexPost on X ·
Jensen Huang has officially resigned as Nvidia CEO He co-founded the company in 1993, spending 33 years leading the company. https://t.co/ROcDJR7GrN
Open source - AG
AGTP@AGTPinsightsPost on X ·
NVIDIA CEO Jensen Huang just resigned abruptly, and AI cloud stocks are reeling. Here's what you need to know. NVIDIA's board announced Thursday, Nov 12, that Huang, 63, has resigned as president, CEO and board member, effective immediately. He co-founded the company and led it for 33 years. CFO Colette Kress is now interim CEO, and Harvey Jones becomes NVIDIA's first ever board chair. Media reports say the board had opened an inquiry before he stepped down. Those reports cite allegations of extramarital affairs, including one with a person alleged to be a Chinese spy. One headline also says Huang has been summoned to testify before Congress. These are reported allegations, and NVIDIA's announcement itself covers only the leadership change. NVDA opened down about 14% to 16% and closed down 4.3%. The hit was bigger for the AI cloud names that lean on NVIDIA's financing and chips. A new report says Huang called Kress a "deer in the headlights" in a tense late-summer meeting. His worry was that NVIDIA's plan to fund the AI boom from its own balance sheet was hitting problems. Analysts now expect NVIDIA could scale back support for neocloud providers and buy fewer startups. One credit commentator called Huang AI credit's "main cosigner." Israeli outlet Ynet named three possible future CEOs: Michael Kagan, Eyal Waldman and Johny Srouji. Key numbers: - NVDA: closed down 4.3%, after falling as much as 14% to 16% intraday - NBIS: $128.64, down 16.84% - CRWV: $56.60, down 6.86% - IREN: $19.48, down 6.53%, after 7 straight red weekly candles - CoreWeave 2025 deals: up to $22.4B of OpenAI contracts and a $6.3B NVIDIA capacity agreement - CoreWeave signed contracts: $132.5B - Nebius revenue up 571%, 2027 guidance $12B to $13B - Citi kept a Buy on CoreWeave and raised its target to $149 from $128 - GPU rental records: B200 at $6.97/hr, H100 at $3.06/hr NVIDIA has an interim CEO and no permanent successor named yet, and the neocloud sector is waiting to see how the new leadership handles financing.
Open source - JW
Joe Weisenthal@TheStalwartPost on X ·
*NVIDIA'S JENSEN HUANG RESIGNS AS CEO *NVIDIA NAMES KRESS INTERIM CEO, RETAINS CFO ROLE
Open source - ET
Economic Times@EconomicTimesPost on X ·
Nvidia CEO Jensen Huang has resigned! Nvidia Corporation founder Jensen Huang has resigned as president, chief executive officer (CEO) and a member of the company's board of directors, effective immediately, after revelations that he had an affair with an executive who reported to him as well as with a woman whom U.S. officials had identified as a Chinese spy. The revelations have plunged the chipmaker at the heart of the global AI boom into crisis. Colette Kress, the company's current executive vice president and chief financial officer, has agreed to serve as interim CEO, the board has said. Full Report Here 👇 https://t.co/5H3xOtagvw #Nvidia #JensenHuang #Technology #Business #AI #AliceHuang #Spy #Espionage
Open source - TW
The Washington Post@washingtonpostPost on X ·
Advanced Micro Devices, the primary competitor to Nvidia, has seen its shares rise more than 30 percent in recent days as investors bet that it would benefit from the struggles of now-ousted Nvidia CEO Jensen Huang. https://t.co/XNQcBTIxl2
Open source - TN
The New York Times@nytimesPost on X ·
Breaking News: Jensen Huang, Nvidia’s CEO, resigned after admitting to an affair with a woman identified as a spy for China. He was also said to have had a relationship with an executive who reported to him. Follow live updates. https://t.co/CpaBUYxSEI
Open source - FT
Financial Times@FTPost on X ·
Nvidia shares closed 4.3% lower on Thursday, just hours after the company's board announced that chief executive and co-founder Jensen Huang had resigned following a series of scandals. https://t.co/CXAJf22YCG https://t.co/0xvZVvQ3tM
Open source - WG
Watcher.Guru@WatcherGuruPost on X ·
JUST IN: Nvidia $NVDA crashes 10% to $156 pre-market following CEO Jensen Huang resignation. https://t.co/GGpe38NQFZ
Open source - TE
Techmeme@TechmemePost on X ·
Jensen Huang resigns as Nvidia CEO, president, and board member, effective immediately; CFO Colette Kress will be interim CEO as the board considers candidates (Nvidia Newsroom) (Visit Techmeme dot com for the link and full context!)
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🚨 JUST IN: Nvidia names CFO Colette Kress interim CEO. She will retain her CFO role, and Harvey Jones becomes the board’s first-ever chair. Huang co-founded Nvidia in 1993 and was its only CEO for 33 years. https://t.co/LSfQZyxIvy
Open source - SI
Solid Intel 📡@solidintel_xPost on X ·
INTEL: Nvidia $NVDA names Harvey Jones first-ever chair of the board
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
$NVDA - NVIDIA CORPORATION - JENSEN HUANG RESIGNS AS PRESIDENT, CEO, AND BOARD MEMBER EFFECTIVE IMMEDIATELY
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨NVIDIA CEO JENSEN HUANG RESIGNS, COLETTE KRESS NAMED INTERIM CEO! @nvidia’s board announced that Jensen Huang has resigned as President, CEO, and board member, effective immediately. Executive Vice President and Chief Financial Officer Colette Kress has been appointed interim CEO and will continue in her CFO role while the board searches for a permanent successor. Harvey C. Jones was named the company’s first-ever board chair. Nvidia said operations, customer commitments, and the product roadmap will continue without interruption, with Q3 results still scheduled for November 17.
Open source - TE
TechmemeArticle ·
Jensen Huang resigns as Nvidia CEO, president, and board member; CFO Colette Kress will be interim CEO, as the board considers candidates; NVDA drops 5%+ (Nvidia Newsroom) Nvidia Newsroom : Jensen Huang resigns as Nvidia CEO, president, and board member; CFO Colette Kress will be interim CEO, as the board considers candidates; NVDA drops 5%+ — - Colette Kress, Executive Vice President and Chief Financial Officer, Appointed Interim CEO — Harvey C. Jones Appointed First-Ever Chair of the Board
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
$NVDA - BREAKING: NVIDIA CEO JENSEN HUANG RESIGNS EFFECTIVE IMMEDIATELY Nvidia announces a major leadership shake-up: 🔸 Jensen Huang resigns as CEO, president and board member, effective immediately. 🔸 Colette Kress, Nvidia's CFO, appointed interim CEO. 🔸 Harvey C. Jones named board chair. 🔸 Search for permanent CEO begins, considering internal and external candidates. Huang's departure ends his 33-year tenure leading the AI chip giant he co-founded.
Open source - CN
CBS News@CBSNewsPost on X ·
BREAKING: Nvidia CEO Jensen Huang has resigned effective immediately, the company’s board of directors announced Thursday. The decision came amid an investigation into Huang’s affair with a woman U.S. intelligence agencies suspect was spying for China. https://t.co/xXUafY6b8U https://t.co/vKXtArpHVG
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
AI NEOCLOUD STOCKS PLUNGE FURTHER AFTER NVIDIA CEO RESIGNATION US neocloud stocks extend their premarket selloff following Jensen Huang's immediate resignation as Nvidia ($NVDA) CEO. 🔸 Nebius ($NBIS): −20.1% 🔸 CoreWeave ($CRWV): −13.6% 🔸 Roundhill Neocloud ETF: −12.5% 🔸 IREN ($IREN): −8.1% The selloff is accelerating across AI cloud infrastructure stocks, with Nebius now down more than 20% before the opening bell.
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