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Politics · November 12, 2026

Nvidia CEO’s ouster leaves AI world reeling

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Nvidia CEO Jensen Huang resigned on November 12, 2026, following revelations of two extramarital affairs, including one with Alice Huang, a woman U.S. intelligence agencies identify as a suspected Chinese asset. The Nvidia board has appointed CFO Colette Kress as interim CEO and named Harvey Jones to replace Huang as board chair. While the company stated it has no evidence that national security or trade secrets were compromised, an independent committee assisted by outside counsel is investigating the matter. Following the news, Nvidia's stock experienced significant volatility, falling as much as 11% at the market open on Thursday. President Trump has since publicly suggested that former Apple CEO Tim Cook should take the permanent role at Nvidia, though the board is conducting its own search for a successor.

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Reported across the spectrum

  • Jensen Huang resigned as Nvidia CEO on Thursday
  • Colette Kress was named interim CEO while retaining her role as CFO
  • Huang admitted to an extramarital affair with Alice Huang
  • U.S. intelligence agencies believe Alice Huang is a Chinese asset
  • Nvidia stock fell following the reports
  • The board is launching an independent investigation into the security implications of the affair
  • Harvey Jones will replace Huang as board chair

Reported by only some outlets

  • The New York Times reported a second extramarital affair with a company employee
  • President Trump suggested on Truth Social that Tim Cook should replace Huang
  • Alice Huang previously led a Singapore-based firm called Megaspeed International
  • Nvidia's share price fell 11% at the open according to some reports, while others noted an 8% slide in after-hours trading
  • The board initially stood by Huang before deciding to oust him

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