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Nvidia CEO Jensen Huang resigns; Colette Kress named interim

6 sources · 11 articlesFirst reported Updated ()1
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First merged summary.

Merged summary · x-ai/grok-4.7 · rewritten as coverage arrivesSummaries by Vani AI

Jensen Huang has resigned as Nvidia CEO amid affair and alleged espionage reports; CFO Colette Kress is interim chief.

Nvidia’s board said Jensen Huang resigned immediately as chief executive, president, and director after reports of affairs, including one with a woman U.S. officials suspect was a Chinese intelligence operative. CFO Colette Kress is interim CEO while remaining finance chief, and Harvey C. Jones is the company’s first board chair as a permanent search begins. The New York Times reported ties to Megaspeed executive Alice Huang and healthcare VP Kimberly Powell; Huang admitted being unfaithful, China rejected the espionage claims, and Hacker News says the board is investigating whether he was targeted. Loss estimates conflict: Hacker News cites an 11% weekly drop erasing nearly $500 billion, TechCrunch more than $300 billion since Friday, and The Decoder roughly $1.4 trillion since October 29. Kress scheduled an employee meeting for November 18.

Key facts
  • Kress, CFO since September 2013, remains finance chief while serving as interim CEO.
  • Reported partner Alice Huang worked at Megaspeed, under a U.S. chip-smuggling investigation.
  • NBC News has not independently verified the Times account involving the healthcare executive.
  • Floated successors include Kress, Johny Srouji, Ian Buck, Lisa Su, and Rene Haas.
  • TechCrunch cites $99 billion in investments and up to $105 billion in guarantees.
  • Quarterly earnings are due Tuesday; Huang led Nvidia for 33 years after co-founding it in 1993.
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Timeline

dated events in the reporting · oldest first
  1. Oct 29, 2026New York Times reports possible Chinese intelligence ties · The Decoder
  2. Nov 12, 2026Huang resigns; Kress named interim CEO · The Decoder
  3. Nov 18, 2026Kress schedules employee meeting for 9am PT · The Verge

What each outlet adds

beyond the shared facts
  • The VergeNames both reported partners and publishes internal emails about a Nov. 18 meeting.
  • Hacker NewsShare declines, unverified Times claims, Megaspeed probe, and Trump successor comment.
  • TechCrunchCites $99 billion investments and up to $105 billion in credit guarantees.
  • The DecoderSays board was preparing to fire Huang after a $1.4 trillion drop.
Vendors
NvidiaNVIDIAGoogle
Organizations
MegaspeedMinistry of State SecurityGoogle DeepMindThinking MachinesOpenAIAnthropicMicrosoftAmazonAlphabetCoreWeaveNebiusCongress
Countries
ChinaSingaporeUnited States
AI models
Gemini 4 HydrogenInkling 2 Small

Coverage

oldest first · one row per article · UTC
  1. · 1d ago The Verge · AIFirst report

    Nvidia board accepts Jensen Huang's resignation; Kress is interim CEO

    The board is searching for a permanent CEO after reports of a second affair with a direct report.

  2. · 1d ago The Verge · AI

    Nvidia CEO Jensen Huang resigns after affair reports

    CFO Colette Kress is interim CEO and Harvey C. Jones is Nvidia’s first board chair while a permanent search begins.

  3. · 1d ago Hacker News · security

    Jensen Huang resigns as Nvidia CEO; Colette Kress named interim

    Nvidia shares fell more than 10% in pre-market trading as the board named CFO Colette Kress interim CEO.

  4. · 1d ago Hacker News · security

    Nvidia names Collette Kress interim CEO after Huang resigns

    Shares had already fallen 11% this week, erasing nearly $500 billion in paper value, before the resignation.

  5. · 1d ago TechCrunch · Security

    Nvidia says Jensen Huang resigned; CFO Kress named interim CEO

    Shares fell more than 11% premarket Thursday after a drop of more than $300 billion in market cap since Friday.

  6. · 1d ago The Decoder

    Jensen Huang resigns as Nvidia CEO after reported espionage scandal

    CFO Colette Kress is interim CEO, and Harvey C. Jones becomes Nvidia's first independent board chair.

  7. · 1d ago Hacker News · security

    Jensen Huang resigns as Nvidia CEO after affairs and spy claims

    CFO Colette Kress is interim CEO; Nvidia holds about 90 percent of advanced AI chips, and shares fell at the open.

  8. · 1d ago TechCrunch · AI

    Nvidia CEO Jensen Huang resigns; Colette Kress named interim

    The board said the exit is immediate, with quarterly earnings due Tuesday and no permanent successor named.

  9. · 1d ago The Verge · AI

    Jensen Huang resigns as Nvidia CEO; Colette Kress named interim

    The board opened an investigation into affairs and an alleged Chinese spy; Harvey Jones is the first board chair.

  10. · 1d ago TechCrunch · AI

    Jensen Huang resigns as Nvidia CEO after report of a third affair

    CFO Colette Kress is interim CEO, and Huang is due to testify to Congress about Alice Huang.

  11. · 1d ago Latent Space

    Jensen Huang resigns as NVIDIA CEO after 33 years

    CFO Colette Kress is interim CEO, while Google ships Gemini 4 Hydrogen and Thinking Machines releases Inkling 2 Small.