Nvidia CEO Jensen Huang resigns amid affair and spying allegations
Colette Kress has taken over as interim chief after the board removed the founder following reports of personal misconduct.
Nvidia CEO Jensen Huang has resigned following reports of two affairs, including a relationship with a woman suspected of spying for China, according to the Times of India. The company's board removed the executive after these allegations surfaced, leading to a 10 per cent drop in Nvidia stock to $156.
Colette Kress is currently serving as interim CEO while the board of directors searches for a permanent replacement. The search is open to both internal candidates, such as Kress and engineer Ian Buck, and external names including Arm chief Rene Haas and Apple hardware chief Johny Srouji.
The resignation comes as federal investigators examine Huang's connections. The Justice Department is conducting probes involving Alice Huang, a Megaspeed executive whom the New York Times reported was allegedly working for China's Ministry of State Security. Trump stated on Monday that the FBI is examining the relationship.
Trade records cited by the Times show Megaspeed's sister company in Malaysia spent at least $4.8 billion on Nvidia chips between June 2024 and February 2026. Both Nvidia and Megaspeed have denied any wrongdoing regarding these transactions.
Republican chairs of three House committees have requested a closed-door briefing with Huang on November 18. They intend to discuss his dealings with Alice Huang and whether Beijing influenced Nvidia's decisions or US chip export policies.