Nvidia CEO Jensen Huang resigns amid spy scandal and affair revelations
Jensen Huang stepped down as chief executive after admitting to extramarital affairs and being linked to a woman suspected of spying for China.
Nvidia co-founder Jensen Huang resigned as chief executive, president, and board member on Thursday, November 12, 2026, according to The Hindu. His departure follows revelations regarding extramarital affairs, including a relationship with Alice Huang, a former executive at Megaspeed International who has been under US investigation for suspected spying for China.
According to the Times of India, Huang reportedly misled senior executives, including general counsel Tim Teter and chief marketing officer Alison Wagonfeld, by describing his interactions with Alice Huang as routine business dealings. Internal correspondence reviewed by Reuters suggests Huang portrayed these engagements as standard customer interactions despite having an affair with her.
The company's independent board members announced on November 10 that they appointed the law firm Wachtell, Lipton, Rosen & Katz to conduct an independent investigation. This follows reports from the New York Times and Wall Street Journal concerning Huang's relationships and US suspicions regarding Alice Huang's activities.
In a statement earlier this week, Huang apologised for being unfaithful to his wife and disappointing the company, though he did not specifically name Alice Huang. He told Bloomberg in an interview on October 29 that the US government had not informed him of its suspicions concerning her.
Nvidia's stock has fallen more than 30 per cent from its October 6 closing high, with shares plunging 10 per cent in premarket trading on Thursday. Chief financial officer Colette Kress will serve as interim CEO while the board considers candidates for a permanent replacement.