Jensen Huang Steps Down as Nvidia CEO After Board Investigation
Jensen Huang has stepped down as CEO of Nvidia following a board investigation into alleged extramarital affairs and concerns about potential foreign intelligence targeting. The company confirmed his departure on Thursday, November 12, 2026. Nvidia's current CFO, Colette Kress, has been appointed interim CEO while the company searches for a permanent replacement. The announcement triggered a 10% drop in Nvidia's stock price in after-hours trading. Huang admitted to infidelity in a memo to employees earlier this week. The investigation followed reports that Huang had relationships with Alice Huang, an executive at Singapore-based cloud provider Megaspeed, and Kimberly Powell, Nvidia's vice president of healthcare. US officials reportedly suspected Alice Huang of being recruited as a spy for the Chinese government.