Nvidia said on Thursday that Jensen Huang had resigned as president and CEO effective immediately.
Huang, 63, stepped down following a board meeting amid reports of two extramarital affairs, one involving Alice Huang, a woman alleged to be a Chinese spy.
Chief Financial Officer Colette Kress has been appointed as interim CEO while keeping her existing roles.
Read: Could Nvidia lose longtime CEO Jensen Huang amid growing controversy? Company’s board weighs leadership change
NVIDIA announces CEO transition. Read the release: https://t.co/MTTUvFHCJA
— NVIDIA Newsroom (@nvidianewsroom) November 12, 2026
Nvidia shares fell 10% in US premarket trading after the announcement, adding to a decline that has wiped out about $600 billion in market value this week.
Huang owns about 3.6% of Nvidia's stock and has dozens of direct reports, underscoring the tight control he maintained over the company he co-founded.
US President Donald Trump had earlier called the Nvidia chief "an honourable guy", while congressional leaders called for investigations into national security risks.
The post Jensen Huang resigns as Nvidia CEO immediately appeared first on express tribune.
