Jensen Huang Replaced as CEO

GRAND RAPIDS, MI. - Jensen Huang resigned as chief executive officer of Nvidia Corporation on Thursday, November 12, 2026. Nvidia shares slid approximately 8% in after-hours trading following the news of his departure and the subsequent leadership change.

Colette Kress, Nvidia's chief financial officer, assumed the role of interim chief executive officer. The resignation follows admissions of an affair with a woman alleged to be a Chinese spy, reports of a second affair with an employee, and indications of a relationship with another employee who reported to him.

On Wednesday, November 11, 2026, reports emerged regarding Jensen Huang's potential replacement, and the Nvidia board worked with an outside firm to identify potential successors. Nvidia Corporation, an American multinational technology company founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, develops graphical processing units, system-on-chips, and application programming interfaces for gaming, artificial intelligence, and automotive applications.

Jensen Huang faces a congressional summons to testify before Congress regarding the developments. Donald Trump called the saga a horrible thing and so sad to see.