Nvidia founder and Chief Executive Jensen Huang has resigned from his leadership positions at the US technology giant following reports of two extramarital relationships, including one involving a company executive, prompting a leadership transition at the world's leading artificial intelligence chipmaker.
The company announced on Thursday, November 12, 2026, that Huang had stepped down as president, CEO and a member of its board, with immediate effect. Chief Financial Officer Colette Kress will serve as interim CEO while the board considers candidates for a permanent replacement.
Longtime board member Harvey Jones has also been appointed Nvidia's first-ever chairman, marking a significant change in the governance structure of the company Huang co-founded more than three decades ago.
The resignation follows growing scrutiny over Huang's personal relationships and concerns about corporate governance. Earlier reports linked him to Alice Huang, a businesswoman suspected by US intelligence of having connections to Chinese intelligence operations. The two are not related.
Nvidia's board had launched an independent investigation into whether its chief executive had been targeted by a foreign intelligence operation. Huang acknowledged being unfaithful to his wife in an internal message to employees on November 8, taking responsibility for the impact on his family.
A separate report it is alleged that Huang had also been involved in an extramarital relationship with Kimberly Powell, Nvidia's vice president of healthcare, who reportedly worked under him. The allegations have not been independently verified by Reuters.
The developments triggered concerns among investors, with Nvidia shares falling more than 10% in premarket trading on Thursday. The company, valued at approximately US$4 trillion, has become central to the global artificial intelligence boom through its advanced chips used in data centres and AI computing systems.
Kress, who joined Nvidia's leadership as chief financial officer in 2013, will oversee operations during the transition. Jones said the board had confidence in her ability to lead the company and maintain its business commitments.
Nvidia is scheduled to release its quarterly financial results on November 17, with investors expected to scrutinise its performance and leadership transition as the company navigates the departure of its longtime chief executive.
