Nvidia CEO Jensen Huang resigns; shares slide as FBI investigates

Jensen Huang resigned as CEO of Nvidia on Thursday, effective immediately, after reports of affairs, including one with a woman U.S. intelligence identified as a Chinese asset. The move ended his 33-year tenure and sent shares down over 14% at the open. Chief Financial Officer Colette Kress will serve as interim CEO, and the board named Harvey Jones as its first-ever chair. Nvidia's stock recovered to trade down about 4.6%, with the week's slide erasing roughly $830 billion in market value, pushing it below $4 trillion for the first time since 2025. The resignation follows New York Times reports of Huang's relationship with Alice Huang, a Megaspeed executive, and a separate affair with a married subordinate. Nvidia said it has "no reason to believe" secrets were compromised, while the FBI investigates and House leaders seek a briefing.