By John Meyer, consultant in business and tech – Eurasia Business News, November 12, 2026. Article no 3263
Jensen Huang has resigned as Nvidia’s president, chief executive and board member, effective immediately, the chipmaker announced Thursday, November 12. His departure follows mounting scrutiny over an acknowledged extramarital affair and reports of a second relationship with a senior employee. Chief Financial Officer Colette Kress will serve as interim CEO.
Although headlines describe Huang as “ousted,” Nvidia’s announcement states that he resigned. Reuters reported that directors had met Wednesday to consider removing him. The distinction matters: board pressure preceded his departure, but the company formally announced a resignation, not a dismissal.
Why Jensen Huang Left Nvidia
Pressure intensified after reporting linked Huang to Alice Huang, a former executive at Singapore-based cloud company Megaspeed. U.S. authorities suspect her of working for Chinese intelligence, according to Reuters. Those intelligence allegations should not be treated as a publicly established criminal conviction.
Huang apologized Sunday for being “unfaithful to my wife,” without providing details about the relationship. CNBC reported that he denied compromising national security or Nvidia’s confidential information. His acknowledgment of infidelity does not establish the separate espionage allegations.
The controversy widened Wednesday when The New York Times reported an alleged relationship with Kimberly Powell, Nvidia’s vice president of healthcare, who reported to Huang. Reuters cited that report when describing the escalating pressure on his leadership.
What Nvidia Has Confirmed
Nvidia confirmed Huang’s immediate departure from all three positions: president, CEO and director. Its announcement also established an interim leadership structure and a search for a permanent replacement, considering both internal and external candidates.
Kress will retain her responsibilities as executive vice president and chief financial officer while serving as interim chief executive. The board also appointed longtime director Harvey C. Jones as its first-ever chair.
These governance changes are confirmed corporate actions. They should remain separate from unresolved questions about the alleged relationships and any suspected intelligence targeting. Nvidia’s announcement did not give a reason for Huang’s departure, according to AFP reporting.
Why the Leadership Change Matters
Huang co-founded Nvidia in 1993 and led its transformation into a central supplier of computing technology for the AI boom. His departure ends approximately 33 years at the helm and creates uncertainty over succession at a company closely associated with its founder.reuters+1
The challenge now extends beyond appointing a replacement. Investors will assess whether Nvidia can preserve strategic continuity, customer confidence and execution while addressing the governance concerns surrounding the departure. Kress’s interim appointment provides continuity, but it does not settle the permanent leadership question.
What Happens Next?
Attention turns to the board’s successor search, further disclosures and any findings concerning the underlying allegations. For now, the central confirmed fact is clear: Huang has resigned, Kress is interim CEO, and Nvidia is beginning a leadership transition. Claims about espionage or disclosure of corporate secrets remain distinct questions requiring evidence—not conclusions established by his resignation.
NVIDIA will report its third-quarter fiscal 2027 financial results on Tuesday, November 17, at approximately 1:20 p.m. PT, as previously scheduled, followed by its earnings call at 2 p.m. PT.
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© Copyright 2026 – Eurasia Business News. Article no. 3263
