Nvidia CEO Jensen Huang Resigns Amid Affair and Espionage Allegations

Nvidia announced on November 12, 2026, that Jensen Huang has stepped down from his position as CEO. This decision follows the revelation of another affair that Huang allegedly had with a senior female executive at the company. However, Nvidia has not officially confirmed this information. Huang had been with Nvidia for 33 years and was one of the founding members of the company.

Colette Kress, who has served as Executive Vice President and Chief Financial Officer at Nvidia for 13 years, will lead the company on an interim basis. Kress previously worked for Microsoft and Cisco and brings extensive experience in the technology sector. The search for a new CEO has already begun. On November 10, 2026, U.S. President Donald Trump stated that the FBI is involved in the espionage matter concerning Jensen Huang.

Trump did not specify whether Huang is personally under investigation. Huang and Trump have frequently appeared together in public, including a trip to China. The affair that Huang has admitted to involves a woman who shares his last name but is not related to him. Reports suggest that the woman is suspected of working for Chinese intelligence. Huang is said to have known the executive since 2024, and U.S. intelligence agencies have indications that she may have been spying on him.

The Financial Times was the first publication to report on the affair. According to reports, the executive influenced Huang to advocate for China's interests within the U.S. government. The woman is an executive at Megaspeed, a Singapore-based company that is a client of Nvidia. In an internal statement, Huang admitted to the affair and apologized to his wife and two children. Nvidia has initiated an independent investigation into the allegations.

Huang stated that he would support the investigation and emphasized the importance of national security. The allegations have already led to a significant decline in Nvidia's stock price. Analysts are concerned about the potential impacts on the company and its relationships with key partners in the technology sector. Nvidia has previously maintained close ties with various government agencies, which are now under scrutiny. The FBI's investigations could have far-reaching consequences for Huang and Nvidia.

The agency has already interviewed several witnesses and requested documents to examine the allegations. Huang has stressed in his statement that he takes the allegations seriously and will support the investigation. The situation surrounding Huang and Nvidia will continue to be closely monitored, as it could potentially impact the entire industry. The company's next steps and the outcomes of the ongoing investigations could be crucial for Nvidia's future. According to current reports, the investigation could take several months.

The allegations and Huang's resignation also raise questions about corporate governance and Nvidia's internal policies. Experts are calling for a review of compliance standards to prevent similar incidents in the future. Nvidia has announced that it will make the results of the internal investigation public once they are available. The incidents have also drawn media attention to security practices in the technology sector. Experts warn that companies operating in sensitive areas should be particularly vigilant against potential espionage attempts.

Huang himself emphasized in his statement that he has always prioritized national security. The next steps from Nvidia and the reactions from investors will be crucial to ensure the company's stability during this critical phase. In his final message to employees, Huang stressed that he has always upheld Nvidia's values and aims to protect the integrity of the company. The allegations and Jensen Huang's resignation could also impact U.S.-China relations, particularly regarding technology and trade. The situation remains tense as investigations progress and the public awaits further information. The independent investigation has already been initiated, and Nvidia plans to release the results by the end of 2026.