Jensen Huang Resigns as NVIDIA CEO, Replaced By CFO

NVIDIA has announced the immediate resignation of its founder and Chief Executive Officer, Jensen Huang, naming Executive Vice President and Chief Financial Officer Colette Kress as interim head of the technology company.

The company disclosed the leadership change in a statement dated November 12, 2026, saying its board of directors had begun searching for a permanent chief executive and would consider both internal and external candidates.

63-year-old Huang's departure follows a growing scandal involving his admitted extramarital affair with Alice Huang, a former executive at Singapore-based technology company Megaspeed, whom U.S. authorities reportedly suspect of being a Chinese intelligence asset.

Huang acknowledged in a message to NVIDIA employees that he had been unfaithful to his wife, apologising to his family and colleagues. 

He did not provide details of the relationship. Beijing has rejected the espionage allegation against Alice Huang, describing it as baseless.

The controversy has also drawn attention to Megaspeed's business relationship with NVIDIA and concerns over the possible diversion of advanced chips to China in violation of U.S. export restrictions.

Megaspeed has faced scrutiny over whether it helped route restricted NVIDIA chips to Chinese users. 

The company said on Thursday that it takes U.S. export-control compliance seriously and has cooperated with inspections by the U.S. Department of Commerce. 

It has also hired an American law firm to review its graphics processing units and export-control practices.

Reuters reported that Singapore authorities were continuing to investigate Megaspeed over suspected breaches of domestic laws. 

The allegations of chip diversion have not been established.

Huang's resignation also follows reports of another alleged relationship with a senior NVIDIA employee. 

The reports added to pressure on his position as the company's board considered his future.

NVIDIA reportedly lost $450 billion in market capitalisation since the first scandal broke out and was valued at $3.88 trillion as of press time.

Before the scandal, Huang had become one of the most influential figures in the global technology industry, with NVIDIA's graphics processing units playing a central role in the rapid expansion of artificial intelligence.

Kress will retain her position as executive vice president and chief financial officer while serving as interim CEO until a permanent successor is appointed.