Jensen Huang resigns as Nvidia CEO after affair with alleged Chinese spy

theguardian.com —

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.


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