Nvidia CEO Jensen Huang resigns amid scandal linked to Chinese intelligence

Jensen Huang has resigned from Nvidia following a scandal involving an alleged affair with a woman reportedly linked to Chinese intelligence, triggering a stock market decline of roughly $500 billion in company value. The resignation was announced on November 12th, 2026. The affair, which also reportedly involved a subordinate, has raised concerns about concentration risk in markets dependent on Nvidia, as well as political fallout in Washington over Commerce Department practices and President Donald Trump's ties to tech leaders. Nvidia's board has appointed CFO Colette Kress as interim head. The scandal draws comparisons to past corporate crises, including Volkswagen's emissions cheating and Boeing's 737 MAX crashes, though analysts note its unique blend of personal, financial, and geopolitical elements. A short-seller report on Huang's dealings was published in May, and the affair echoes the 1963 Profumo scandal in Britain.