Nvidia chief Huang resigns after personal scandal
Nvidia said on Thursday that Jensen Huang has resigned as president, chief executive and director, effective immediately. Chief Financial Officer Colette Kress is serving as interim chief executive while the board seeks a permanent successor. The departure followed reports of affairs, including one with Alice Huang, a Megaspeed director whom U.S. intelligence says China's top spy agency recruited. Huang admitted in a staff email that he had cheated on his wife. Nvidia shares fell sharply, and the company has lost about $1.8tn (€1.6tn) in market value since its record close on 6 Oct.
Key facts
- Five Nvidia employees claimed Huang also had an affair with Kimberly Powell, the company's vice-president of healthcare.
- The affair timeline began with a meeting in Taipei in June 2024 and included a dinner in Taiwan in May 2025.
- Share price losses wiped out $900 billion of Nvidia's market value between the previous Friday's close and Thursday.
Summarised with AI from 5 sources · Updated 20:41Read our AI policy
Why it matters
The leadership change and China-linked allegations bear on Nvidia's chip export exposure and investor confidence.
What changed
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First published from CNBC, Anadolu Agency, ABC News (Australia), The Hindu and CBS News