Jen-Hsun Huang has resigned all his positions at Nvidia, effective immediately

Nvidia's CEO, Jen-Hsun Huang, has resigned as President, CEO, and member of the board, effective immediately. That is the message which has just been posted on the Nvidia newsroom.

He has been at the centre of a big ol' scandal since last week, which threatened his position at the head of one of the biggest companies in the world. It started with a report over his relationship with a suspected Chinese intelligence asset, which moved into him emailing his entire workforce to say sorry that he's had an affair (though didn't name the person), an invite to talk to national security and foreign affairs officials in US Congress next week, and now reports of potentially a second affair, this time with an Nvidia employee, have come to light.

This is what sparked the emergency board meeting last night which has culminated in his resignation from all sectors of the company.

Nvidia CFO, Colette Kress has taken over as interim CEO, while the company searches for a permanent replacement for Jen-Hsun, with Harvey C. Jones appointed the virst ever chair of Nvidia's board of directors.

"Colette Kress, current Executive Vice President and Chief Financial Officer of Nvidia, has agreed to serve as Interim Chief Executive Officer," reads the statement on the Nvidia newsroom. "Kress will continue to serve as Executive Vice President and Chief Financial Officer while serving as Interim Chief Executive Officer until a permanent successor has been named. The Board is initiating a search for a permanent Chief Executive Officer and will consider 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,” said Colette Kress, Interim CEO and CFO, Nvidia. “We will continue advancing the work that has made NVIDIA a leader in accelerated computing and AI, and execute on the opportunities ahead. Our focus remains on serving our customers, partners, developers and shareholders.”

There has so far been no statement from Jen-Hsun himself on the matter, but the Nvidia statement thanks him for his service...

"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."

November 12, 2026 – 9:20 AM

Here is a brief timeline of events which kicked off last week with a story by the New York times into Jen-Hsun's relationship with Alice Huang.

• October 29 - New York Times report comes out covering the relationship with an alleged foreign intelligence asset.
• November 5 - Jen-Hsun is called to a meeting with various foreign affairs and national security committee leaders in US Congress, set for November 18.
• November 8 - Jen-Hsun sends an email to all Nvidia staff, also published on the company newsroom, admitting to and apologising for an affair. The board also posts a statement on the newsroom saying it was launching an internal investigation.
  • Nvidia share price drops - around 21% since October 28
• November 9 - Donald Trump speaks to press about Jen-Hsun, backing the CEO. "He's an amazing guy. I just hope there's no problem. If there is a problem, we'll let you know about it."
• November 10 - Law firms chase investors to sign up for class action lawsuits or 'investigations' into the company. We've seen at least five press releases of lawyers offering their services to investors. Nvidia itself hires law firm Wachtell Lipton to lead the internal investigation.
  • The Information reports Alice Huang facilitated some 240,000 AI GPUs, costing around $7.5B, to be accessed by Chinese companies.
  • Axios reports that Howard Lutnick was sent a classified warning memo over the relationship between Jen-Hsun and Alice Huang. Noting that Marco Rubio also warned Trump just before they picked up Jen-Hsun en route to the China trip
• November 11 - Reports surface that Jen-Hsun had a second affair, with an internal Nvidia employee, Kimberly Powell. An emergency board meeting is convened to determine Jen-Hsun's fate as CEO.
  • Nvidia's share price plumets even further, to lowest value since June 2025.
• November 12 - Jen-Hsun Huang resigns from all positions at Nvidia with CFO Colette Kress taking over the role of interim CEO while the company looks for a successor.

November 12, 2026 – 9:26 AM

Tim Sweeney said it "would be an Apple firing Steve Jobs level of idiocy" to fire Jen-Hsun Huang from his position as CEO. He suggests it would do grievous harm to the US.

Save Jensen.This would be an Apple firing Steve Jobs level of idiocy from NVIDIA’s board if they did that, and a grievous harm to the United States of America.The dude truly is the visionary driver of the future of tech from the gaming GPU era to CUDA to AI supercomputers.November 12, 2026

Not holding back, he also said it would be a "ridiculous shitshow... to replace one of the leading technology visionaries of the modern era with the company's money guy."

@wallstengine Wow what a ridiculous shitshow it would be to replace one of the leading technology visionaries of the modern era with the company’s money guy. The NVIDIA board would literally be burning the company down at the shareholders expense and grievously harming the USA.November 12, 2026

Elon Musk just said it would be "an honor" to hire Jen-Hsun. I'm sure it would, Elon. I'm sure it would.

@zerohedge That would be an honorNovember 12, 2026

November 12, 2026 – 9:30 AM

Nvidia's share price has now dropped 13% in pre-market trading.