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Archived story · published November 9, 2026. Coverage reflects reporting at the time. See today's brief

Tech · November 9, 2026

Jensen Huang resigns from Nvidia after affair scandal

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NVIDIA CEO and co-founder Jensen Huang resigned on Thursday following a scandal involving two reported extramarital affairs, one of which has raised national security concerns. The first affair involved Alice Huang, an executive at Singaporean firm Megaspeed and a suspected operative for China’s Ministry of State Security. Subsequent reports on Wednesday alleged a second affair with NVIDIA Vice President of Healthcare Kimberly Powell. In response, NVIDIA's board appointed Chief Financial Officer Colette Kress as interim CEO and named Harvey Jones as the board's first-ever chair. Following the announcement, NVIDIA shares fell sharply, with reports indicating a decline of at least 10% in premarket or early trading as the market reacts to the leadership change at the AI chip giant.

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Reported by multiple outlets

  • Jensen Huang has resigned as CEO of NVIDIA.
  • Colette Kress has been appointed interim CEO.
  • Harvey Jones has been named the board’s first-ever chair.
  • The board is initiating a search for a permanent CEO.
  • NVIDIA shares fell sharply following the announcement.

Reported by only some outlets

  • Jensen Huang also resigned his seat on the board of directors.
  • Huang's resignation was effective immediately.
  • Huang admitted to an extramarital affair in a company memo.
  • Reports allege a second affair with NVIDIA executive Kimberly Powell.
  • Alice Huang is suspected of being an asset for China's Ministry of State Security.
  • Huang pulled out of public speaking engagements including the ElevenLabs Summit and Anthropic CEO Forum prior to his resignation.
  • NVIDIA has a market capitalization exceeding $4 trillion.

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