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.
Colette Kress
5 stories since 7 November 2026, newest first
14 November 2026
Nvidia's board removed Jensen Huang as chief executive and named finance chief Colette Kress interim CEO, while the stock closed at $162.85 on Friday, down 2% on the day and 13% for the week. The decline erased more than $570 billion of market value, extending a six‑week losing streak that has shaved roughly 30% off the share price and cost about $1.7 trillion in valuation. Huang has agreed to testify before Congress before the Thanksgiving holiday, and the company will report earnings on 17 Nov.
13 November 2026
Jensen Huang has resigned as Nvidia president, chief executive and board member, and Colette Kress is named interim CEO. U.S. intelligence officials suspect his affair partner, Alice Huang, a former Megaspeed executive, was recruited by China's intelligence service, a claim Beijing denies. Huang said on 8 Nov he had been unfaithful to his wife of more than 40 years. Nvidia's board has opened an independent investigation and says it has no evidence company secrets were leaked. Nvidia reports a loss of about $450 billion in market value since the resignation.
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.
7 November 2026
Nvidia's board has opened an independent investigation into CEO Jensen Huang after reports that he had an affair with Alice Huang, a Singapore-based Megaspeed executive whom U.S. intelligence services link to Beijing's espionage. Nvidia shares fell more than 4 percent on Monday, 9 Nov, and kept declining on Tuesday. President Donald Trump said the FBI is investigating, and no one has been charged. Nvidia said it has no reason to believe national security or company secrets were compromised. The company has retained former acting U.S. Attorney Joon H. Kim to lead the inquiry.