Jensen Huang resigns as Nvidia CEO after 33 years amid affair controversies
Nvidia co-founder Jensen Huang has stepped down as CEO, president, and board member effective immediately, with CFO Colette Kress appointed interim CEO while the board searches for a permanent successor.
Nvidia announced that its board of directors accepted the resignation of co-founder Jensen Huang as president, chief executive officer, and board member, effective immediately, bringing an end to his 33-year tenure at the helm of the chipmaking giant. Longtime Executive Vice President and Chief Financial Officer Colette Kress has been named interim CEO and will retain her financial duties, while former Synopsys executive Harvey C. Jones was appointed Nvidia's first-ever chair of the board. The company confirmed that a formal search for a permanent successor considering internal and external candidates is underway.[1][8][13][15]
Huang's departure followed mounting scrutiny over extramarital relationships, including an affair with a Chinese businesswoman suspected by U.S. intelligence officials of espionage ties, as well as an alleged affair with a senior Nvidia executive who reported to him. An independent inquiry was initiated by the board prior to his departure. Nvidia stated that day-to-day operations, customer commitments, and product roadmaps will proceed without disruption ahead of its scheduled quarterly financial report.[3][5][6][14]
The announcement rattled financial markets, sending Nvidia shares down more than 10% in premarket trading before finishing the session down 4.3%. The fallout extended to AI cloud ecosystem partners, while shares of primary competitor Advanced Micro Devices climbed as investors digested the sudden leadership vacancy at the center of the artificial intelligence boom.[4][7][10][17]
Key facts
- Jensen Huang resigned as Nvidia's president, CEO, and board member effective immediately, ending his 33-year tenure leading the company he co-founded in 1993.
- CFO Colette Kress was appointed interim CEO and will retain her responsibilities as chief financial officer during the leadership transition.
- Former Synopsys CEO and Executive Chairman Harvey C. Jones was named Nvidia's first-ever chair of the board.
- Nvidia's board began a formal search for a permanent CEO, evaluating both internal and external candidates.
- Huang's exit came after revelations of personal scandals involving reported affairs with a suspected Chinese intelligence asset and an Nvidia executive.
- Nvidia shares dropped more than 10% in premarket trade following the announcement and closed the session down 4.3%.
Sources · 13 sources
- WB
Wu Blockchain@WuBlockchainPost on X ·
Breaking: NVIDIA Announces Jensen Huang Resigns as CEO and Board Member, CFO Colette Kress Named Interim CEO NVIDIA (NASDAQ: NVDA) announced that its Board of Directors has accepted the resignation of Jensen Huang as President, Chief Executive Officer (CEO), and a member of the Board, effective immediately. Current Executive Vice President and Chief Financial Officer (CFO) Colette Kress has agreed to serve as Interim CEO while continuing in her role as EVP and CFO until a permanent successor is named, as the Board initiates a formal CEO search considering both internal and external candidates; meanwhile, the Board has appointed former Synopsys CEO and Executive Chairman Harvey C. Jones as its first-ever Chair of the Board.
Open source - JW
Joe Weisenthal@TheStalwartPost on X ·
*NVIDIA'S JENSEN HUANG RESIGNS AS CEO *NVIDIA NAMES KRESS INTERIM CEO, RETAINS CFO ROLE
Open source - ET
Economic Times@EconomicTimesPost on X ·
Nvidia CEO Jensen Huang has resigned! Nvidia Corporation founder Jensen Huang has resigned as president, chief executive officer (CEO) and a member of the company's board of directors, effective immediately, after revelations that he had an affair with an executive who reported to him as well as with a woman whom U.S. officials had identified as a Chinese spy. The revelations have plunged the chipmaker at the heart of the global AI boom into crisis. Colette Kress, the company's current executive vice president and chief financial officer, has agreed to serve as interim CEO, the board has said. Full Report Here 👇 https://t.co/5H3xOtagvw #Nvidia #JensenHuang #Technology #Business #AI #AliceHuang #Spy #Espionage
Open source - TW
The Washington Post@washingtonpostPost on X ·
Advanced Micro Devices, the primary competitor to Nvidia, has seen its shares rise more than 30 percent in recent days as investors bet that it would benefit from the struggles of now-ousted Nvidia CEO Jensen Huang. https://t.co/XNQcBTIxl2
Open source - TN
The New York Times@nytimesPost on X ·
Breaking News: Jensen Huang, Nvidia’s CEO, resigned after admitting to an affair with a woman identified as a spy for China. He was also said to have had a relationship with an executive who reported to him. Follow live updates. https://t.co/CpaBUYxSEI
Open source - ET
Economic Times@EconomicTimesPost on X ·
Thirty-three years later, Jensen Huang walks out of Nvidia | In a move that would certainly send shockwaves through the tech world, Nvidia CEO Jensen Huang resigned from the company as president, chief executive officer (CEO) and a member of the company's board of directors, with immediate effect on Thursday. The company did not disclose a reason for Huang's resignation in its announcement. Huang's exit comes amid a controversy involving Alice Huang, a Chinese businesswoman and former senior executive at Singapore-based data centre company Megaspeed, whom US intelligence agencies suspect of gathering information for Beijing. Huang admitted to having an extramarital relationship with her and apologised to his wife, children and Nvidia employees. Full Report Here 👇 https://t.co/eHlkA5PjTG #Nvidia #JensenHuang #Technology #Business #AI
Open source - FT
Financial Times@FTPost on X ·
Nvidia shares closed 4.3% lower on Thursday, just hours after the company's board announced that chief executive and co-founder Jensen Huang had resigned following a series of scandals. https://t.co/CXAJf22YCG https://t.co/0xvZVvQ3tM
Open source - CB
Coin Bureau@coinbureauPost on X ·
🚨BREAKING: Jensen Huang resigns as Nvidia CEO, effective immediately, ending 33 years leading the company he co-founded. $NVDA shares extend LOSSES to 10%. Nvidia announces: - Huang steps down as CEO, president and board member. - CFO Colette Kress becomes interim CEO while retaining her finance role. - Harvey C. Jones becomes board chair. - The search for a permanent CEO will consider internal and external candidates.
Open source - PR
ProtosArticle ·
LIVE: Jensen Huang resigns from Nvidia after affairs with spy, employee Nvidia has announced that Jensen Huang will be resigning as CEO after engaging in affairs with a Chinese spy and one of his direct reports. Huang will be replaced by Nvidia’s current CFO Colette Kress, who will take the role on an interim basis. The outgoing CEO’s first reported affair was with Alice Huang, also known as Huang Le, who served as an executive at Megaspeed. She’s also reportedly an intelligence agent for China. How Alice Huang helped Nvidia with Chinese export restrictions Read more: Can Nvidia fire CEO Jensen Huang over his affair? Jensen’s second affair was reportedly with Kimberly Powell. Powell is Nvidia’s vice president of healthcare and is one of Jensen’s direct reports at Nvidia. Chart of NVDA during this scandal. Reportedly , the Commerce Department, led by Commerce Secretary Howard Lutnick, had previously halted an investigation into Megaspeed, referring it to the Department of Justice, and Lutnick had reportedly been warned about the relationship between Jensen and Alice. The Commerce Department is also reportedly close to finalizing a rule that it hopes will limit China’s remote access to GPU clusters. Donald Trump, meanwhile, has suggested that “there is only one man to take his place — TIM COOK of Apple.” Got a tip? Send us an email securely via Protos Leaks . For more informed news and investigations, follow us on X , Bluesky , and Google News , or subscribe to our YouTube channel. The liveblog has ended. No liveblog updates yet. Load more The post LIVE: Jensen Huang resigns from Nvidia after affairs with spy, employee appeared first on Protos .
Open source - HE
Hedgeye@HedgeyePost on X ·
NVIDIA, $NVDA, CEO Resignation Details: 1. Jensen Huang resigns as President, CEO, and board member, effective immediately 2. CFO Colette Kress named interim CEO while retaining her current CFO responsibilities 3. Harvey C. Jones appointed NVIDIA's first-ever Board Chair 4. Board launches search for permanent CEO, considering both internal and external candidates 5. $NVDA shares fall -10.5% premarket, dragging chip stocks lower: $CRWV -13.8%, $NBIS -19.8%, $SNDK -8.3% and $SMCI -9.8%
Open source - FT
Financial Times@FTPost on X ·
Jensen Huang’s position will be filled on an interim basis by chief financial officer Colette Kress while the board searches for a permanent replacement. Nvidia said it would consider internal and external candidates. Follow live updates: https://t.co/KHLzhxeRdN https://t.co/NqDXL61IUf
Open source - SI
Solid Intel 📡@solidintel_xPost on X ·
INTEL: Nvidia $NVDA names Harvey Jones first-ever chair of the board
Open source - TE
Techmeme@TechmemePost on X ·
Nvidia appoints ex-Synopsys CEO Harvey C. Jones as its first-ever board chair; the board's Jensen Huang exit press release does not include a quote from Huang (@haydenfield / The Verge) (Visit Techmeme dot com for the link and full context!)
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨NVIDIA CEO JENSEN HUANG RESIGNS, COLETTE KRESS NAMED INTERIM CEO! @nvidia’s board announced that Jensen Huang has resigned as President, CEO, and board member, effective immediately. Executive Vice President and Chief Financial Officer Colette Kress has been appointed interim CEO and will continue in her CFO role while the board searches for a permanent successor. Harvey C. Jones was named the company’s first-ever board chair. Nvidia said operations, customer commitments, and the product roadmap will continue without interruption, with Q3 results still scheduled for November 17.
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
$NVDA - BREAKING: NVIDIA CEO JENSEN HUANG RESIGNS EFFECTIVE IMMEDIATELY Nvidia announces a major leadership shake-up: 🔸 Jensen Huang resigns as CEO, president and board member, effective immediately. 🔸 Colette Kress, Nvidia's CFO, appointed interim CEO. 🔸 Harvey C. Jones named board chair. 🔸 Search for permanent CEO begins, considering internal and external candidates. Huang's departure ends his 33-year tenure leading the AI chip giant he co-founded.
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
WHO IS COLETTE KRESS, NVIDIA'S NEW INTERIM CEO? Colette Kress has been appointed interim CEO of Nvidia ($NVDA ) following Jensen Huang's immediate resignation. Kress has served as Nvidia's CFO since 2013, playing a central role in the company's transformation into an AI powerhouse and overseeing its financial strategy and investments across the AI ecosystem. Before joining Nvidia, she held senior finance positions at Microsoft, Cisco and Texas Instruments, bringing decades of technology industry experience. Kress will continue serving as CFO while leading Nvidia until the board appoints a permanent successor.
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
AI NEOCLOUD STOCKS PLUNGE FURTHER AFTER NVIDIA CEO RESIGNATION US neocloud stocks extend their premarket selloff following Jensen Huang's immediate resignation as Nvidia ($NVDA) CEO. 🔸 Nebius ($NBIS): −20.1% 🔸 CoreWeave ($CRWV): −13.6% 🔸 Roundhill Neocloud ETF: −12.5% 🔸 IREN ($IREN): −8.1% The selloff is accelerating across AI cloud infrastructure stocks, with Nebius now down more than 20% before the opening bell.
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