Jensen Huang, the co-founder of NVIDIA, reportedly stepped down as chief executive on November 12, 2026, following controversy surrounding alleged extramarital relationships and claims of possible foreign intelligence links.
Huang, who co-founded NVIDIA in 1993, helped transform the company into one of the world’s most influential technology firms. NVIDIA has become a major supplier of graphics processing units (GPUs) used to develop and operate artificial intelligence systems, power data centres and support advanced computing.
Its chips are central to the global AI boom, making the company one of the most closely watched businesses in the technology sector.
The controversy reportedly began with allegations linking Huang to Alice Huang, a Chinese businesswoman and NVIDIA customer. Reports also alleged that he had relationships with two NVIDIA employees, including senior executive Kimberly Powell.
Huang reportedly admitted to being unfaithful to his wife, Lori. Separately, claims emerged that Alice Huang had been suspected by US intelligence of links to Chinese intelligence. These allegations have not been independently established.
NVIDIA’s board reportedly opened an investigation into the relationships and possible national security implications. However, the company’s official resignation announcement did not state that the allegations were the reason for Huang’s departure.
The leadership change also unsettled investors. NVIDIA shares fell by as much as 14% during trading on November 12, contributing to a wider decline in technology stocks. The market reaction reflected concerns about the departure of a leader closely associated with the company’s growth and the uncertainty surrounding its future leadership.
Following Huang’s departure, NVIDIA appointed longtime Chief Financial Officer Colette Kress as interim CEO while its board searches for a permanent successor.
Although the allegations have placed the company under intense scrutiny, investors will also be watching whether NVIDIA can maintain its leadership in AI chips and continue meeting growing demand for its technology without its long-serving co-founder at the helm.
