Jensen Huang resigns as Nvidia CEO after reported espionage scandal
Original title: Jensen Huang resigns as Nvidia CEO after espionage scandal wipes out $1.4 trillion in market value
CFO Colette Kress is interim CEO, and Harvey C. Jones becomes Nvidia's first independent board chair.
Nvidia said on November 12, 2026, that Jensen Huang resigned immediately as CEO, president, and board member. The Decoder reports the board was preparing to fire him after Wall Street Journal reporting on two extramarital affairs, one with a suspected Chinese spy, following an October 29 New York Times report on possible Chinese intelligence ties. Since that report, Nvidia has shed roughly $1.4 trillion in market value, the outlet says. CFO Colette Kress is interim CEO while the board seeks a permanent successor.
Unconfirmed: The spy allegation, planned firing, and $1.4 trillion market-value loss are attributed to news reports, not a company confirmation of espionage.
- Huang also left with no clear succession plan and more than 60 direct reports.
- The article cites roughly $300 billion in guarantees Huang arranged for smaller customers.
- Microsoft, Amazon, Alphabet, OpenAI, and Anthropic are named as heavy Nvidia chip customers.
- The company is described as holding a 75 percent profit margin.
From the original article
1 min read at the-decoder.com
Jensen Huang resigned as CEO, president, and board member of Nvidia effective immediately, according to a statement on November 12, 2026. The article Jensen Huang resigns as Nvidia CEO after espionage scandal wipes out $1. 4 trillion in market value appeared first on The Decoder.
By Maximilian Schreiner · the-decoder.com
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