Jensen Huang resigned as president, chief executive officer, and board member of Nvidia effective immediately, according to 9to5Mac. The sudden departure on November 12, 2026, follows recent reports detailing extramarital affairs and growing scrutiny over national security concerns regarding advanced chip sales.
Key takeaways
- Jensen Huang stepped down from his executive and board positions at Nvidia.
- Colette Kress took over as interim CEO while retaining her CFO duties.
- Harvey C. Jones became the company's first-ever board chair.
- Nvidia stock fell more than 10% following the announcement.
Why did Jensen Huang resigns?
9to5Mac reports that Huang stepped down after media outlets published details about his personal relationships. In late October, reports emerged regarding his close connection to Alice Huang, a former managing director at Megaspeed whom US intelligence officials identified as a potential Chinese intelligence asset. China disputed those espionage allegations.
Last weekend, Huang admitted to an extramarital affair in a message to employees. On Wednesday, additional reports revealed a second affair with Kimberly Powell, Nvidia's vice president of healthcare. National security worries grew alongside falling stock values, prompting the board to launch an independent investigation.
What is happening with the Nvidia stock price?
Nvidia shares plunged in after-hours trading following the Wednesday report from The New York Times. The stock dropped more than 10% from its Wednesday closing price of $173.73 after the resignation announcement. This brought the total decline to roughly 35% from the October 6 record close.
The company scheduled its quarterly earnings report for next Tuesday, November 17. Meanwhile, Harvey C. Jones stated that operations, customer commitments, and the product roadmap will continue without interruption.
What happens next for Nvidia?
The board appointed Colette Kress as interim CEO while an outside firm helps search for a permanent successor. Potential internal and external candidates are under consideration, with mentions including Madison Huang and Apple's Johny Srouji. Harvey C. Jones stepped into the newly created role of board chair to support the leadership team.
Frequently asked questions
Jensen Huang resigned from his positions as president, chief executive officer, and board member on November 12, 2026, according to reports.
Colette Kress took over as the interim CEO of Nvidia while keeping her current responsibilities as chief financial officer until the company finds a permanent replacement.
Harvey C. Jones, a longtime technology executive and venture investor, became the company's very first board chair following the leadership changes.
The stock dropped more than 10% from its Wednesday closing price of $173.73, pushing the total decline to about 35% from its October 6 record close.
Nvidia is scheduled to report its quarterly earnings on Tuesday, November 17, amidst ongoing market reactions to the recent executive changes.
Based on reporting by 9to5Mac. Read the original article
