Nvidia CEO Has Officially Resigned

Nvidia CEO Officially Resigns Amid Cheating Scandal With Chinese Spy Published Nov 12, 2026, 9:07 AM EST James Lucas is the Lead Photo Editor at TheGamer and has worked in professional journalism since 2018. A Newcastle University graduate with a degree in Journalism, Media, and Culture, they have written hundreds of guides, news stories, and original reports, with bylines in IGN, NME, GaymingMag, and VG247, sourcing interviews with studio heads, legendary industry figures, prominent actors, and more. You can reach them at James.t@thegamer.com Sign in to your TheGamer account Effective immediately, Jensen Huang has resigned as Nvidia CEO, president, and board member after it was discovered that he was having an affair with a Chinese spy and a company executive. Financial Times reports that chief financial officer Colette Kress will uphold Huang's position in the interim while the board searches for a replacement, considering both internal and external candidates. Nvidia's strength has always come from its people, and together with our leadership team, I am committed to building on the extraordinary foundation Jensen created over the last 33 years—Colette Kress, interim CEO. "Kress has served as Executive Vice President and Chief Financial Officer of Nvidia since joining the company in September 2013," Nvidia said in its official statement. "During her tenure, she has led the company’s finance organization and has played a key role in Nvidia's growth and evolution. Prior to joining Nvidia, Kress spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft. "Jensen’s contributions to Nvidia are profound. Nvidia is one of the most consequential technology companies in the world. The Board and the company thank Jensen for his immeasurable contributions to the company and the industry." China Denies Allegations That Alice Huang Was A Spy Jensen Huang was under investigation by the board for his extramarital relationship with Alice Huang, who the US Intelligence identified as a Chinese spy. However, Nvidia does not believe that national security or company secrets were compromised by Jensen Huang's relationship with Alice Huang. The New York Times later reported on November 11 that Jensen Huang was also entangled with a company executive who reported directly to him—48-year-old vice president of health care, Kimberly Powell. Jensen Huang has admitted that he was "unfaithful" to his wife, although Chinese officials reject claims of espionage. Global Times former chief editor Hu Xijin described the allegations as "a calculated move by the Democratic Party and US establishment to take down Jensen Huang, and by extension, go after Trump." Following Huang's resignation, Nvidia shares have fallen a further 13%, adding to an already steep decline of around 25% from their October peak amid the investigation into his affairs and a broader technology sell-off following the Democrats' midterm victory. In the last month alone, Nvidia has lost approximately $1.8 trillion in market capitalization. Date Founded April 1, 1993 CEO Jensen Huang Subsidiaries Mellanox Technologies, Cumulus Networks, NVIDIA Advanced Rendering Center Headquarters Santa Clara, California, United States