Nvidia CEO Jensen Huang resigned after reports of two extramarital affairs, one with a customer suspected by U.S. intelligence of being a Chinese intelligence asset. Chief Financial Officer Colette Kress will serve as interim CEO while the chipmaker searches for a permanent successor. Nvidia's shares fell 8.2 per cent to a more than 16-month low in early trading, with market value on track to close below US$4 trillion for the first time since July 2025. Market capitalisation had been about $5.8 trillion in early October. Analysts expect fiscal third-quarter revenue of $109 billion when Nvidia reports earnings.
Alice Huang
3 stories since 10 November 2026, newest first
14 November 2026
13 November 2026
Singapore's Ministry of Home Affairs has barred Alice Huang, a former Megaspeed executive, from re-entering the country and issued her a stern warning. The ministry said the investigation did not concern espionage. Singaporean authorities had held her passport for eight months after seizing it in June 2025. Investigations into Megaspeed and six other individuals, begun in February 2025, remain ongoing. In the United States, Attorney General Todd Blanche said the Justice Department has not reached a conclusion on whether she was a Chinese spy. A fifth person faces 41 charges in a related fraud case involving servers that may have held Nvidia chips.
10 November 2026
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.