Nvidia Head Resigns Amid Controversy
Sandra Rhodes · Nov 12, 2026 · 1 min read
Jensen Huang, the CEO of chip powerhouse Nvidia, is resigning.
The company announced the news before the markets opened Thursday.
The move comes after reports surfaced of Huang being romantically involved with a woman accused of spying for the Chinese government.
Colette Kress, Nvidia’s chief financial officer, will be the interim CEO.
Huang apologized for being unfaithful to his wife in a Nov. 8 statement. He did not elaborate on the relationship.
"My actions hurt her and our children," he said. "There is no excuse for what I did. I am deeply sorry."
China rejected any allegations of a spying operation targeting Huang. The country also dismissed reports of a suspected Chinese intelligence plot as a smear campaign against Beijing.
Nvidia has grown to become the second-largest publicly traded U.S. company by market cap on the strength of its dominance of the AI chip market. Estimates suggest Nvidia's market share in the highly sought-after AI chips is at least 80%, with demand for the semiconductors used to train AI models continuing to rise, Fox News reported.