Nvidia CEO Resigns Amid Spy Scandal and Affairs

Jensen Huang, the co-founder and CEO of Nvidia, resigned from his position on Thursday, November 13, 2026. This decision follows reports of multiple extramarital affairs and allegations of being a target of a suspected Chinese spy. The news sent Nvidia's stock price into a sharp decline, erasing approximately $601 billion in market value, though it has since seen some recovery.

Colette Kress, Nvidia's long-serving chief financial officer, has been appointed as the interim CEO. Kress, who joined Nvidia in September 2013, will continue her CFO duties while the board searches for a permanent successor. Her appointment comes after years of overseeing Nvidia's significant financial growth, particularly since the rise of AI.

The company now faces intense scrutiny from Washington. House minority leader Hakeem Jeffries has called for a classified briefing concerning Nvidia's situation and potential national security implications. Lawmakers are also demanding testimony from Huang himself, who has reportedly agreed to appear before Congress. The Department of Justice is reportedly investigating potential antitrust violations and probes into related companies.

Further complicating matters, the Commerce Department might restrict Chinese companies' access to advanced Nvidia computing power through third-party cloud providers, potentially bypassing U.S. export restrictions. Kress's role as interim CEO will be critical in navigating these multifaceted challenges and ensuring operational continuity.