Jensen Huang resigns as Nvidia CEO after affair with alleged Chinese spy
Jensen Huang has stepped down as CEO of Nvidia after more than 30 years, following revelations of an extramarital affair with a woman US officials believe to be a Chinese spy, wiping over $600bn from the company's valuation. Huang led Nvidia from a $1bn firm at its 1999 IPO to a $4tn valuation in 2026. The affair involved Alice Huang, a Megaspeed executive suspected of diverting Nvidia AI chips to Chinese firms, potentially violating export restrictions. China has denied the spy accusations, calling them a "smear". The scandal unfolded rapidly in November 2026, with Huang admitting the affair on 8 November, a shareholder lawsuit filed on 10 November, and reports of a second affair with another Nvidia executive on 11 November. The board then prepared to oust him, leading to his resignation.