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Tech · November 10, 2026

Jensen Huang Out At Nvidia After Affair Scandals

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Nvidia co-founder Jensen Huang has resigned as President, CEO, and board member following an internal investigation into his personal conduct and alleged targeting by foreign intelligence. The resignation comes after revelations of two extramarital affairs: one with Alice Huang, a former executive at Singapore-based Megaspeed and alleged Chinese intelligence asset, and another with an Nvidia subordinate, reported to be VP of Healthcare Kimberly Powell. The board has appointed CFO Colette Kress as interim CEO while it searches for a permanent successor. Concurrently, Nvidia faces a shareholder lawsuit for allegedly misleading investors about the risks associated with these relationships, and President Trump has confirmed an ongoing FBI probe into potential national security breaches. The market responded sharply, with shares dropping over 11% in a single week and weighing heavily on US index futures.

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Reported by multiple outlets

  • Jensen Huang has resigned as President, CEO, and board member of Nvidia effective immediately
  • Nvidia's board appointed Chief Financial Officer Colette Kress as interim CEO
  • The board launched an independent investigation following reports that Huang was the target of a foreign intelligence operation
  • Huang admitted to being 'unfaithful' to his wife in a statement to staff
  • Alice Huang (no relation to Jensen) is an alleged asset of China’s Ministry of State Security
  • Huang is alleged to have had a second relationship with an Nvidia subordinate
  • Nvidia and Huang are facing a shareholder lawsuit alleging they misled investors about national security and business risks

Reported by only some outlets

  • Jensen Huang traveled on Air Force One with President Trump in May 2026 for a state visit to China
  • The pair (Jensen and Alice Huang) were reportedly seen in public together in June 2024 and May 2025
  • Megaspeed purchased $4.8 billion in Nvidia chips over the last two years
  • The shareholder lawsuit seeks class action status for those who purchased shares between October 9 and November 8
  • Alice Huang's former company, Megaspeed, is variously described as being based in Singapore and Taiwan
  • Nvidia shares plummeted more than 11% in a single week following the news
  • Nvidia's decline accounted for over half of the Nasdaq 100 contracts' declines in recent trading
  • Prior to the scandal, Huang stated that the next CEO should be an internal hire who 'earns' the role

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