Nvidia CEO Jensen Huang steps down amid spy scandal and market loss
Nvidia CEO Jensen Huang has stepped down after reported affairs with a suspected Chinese spy, Alice Huang, and a Nvidia vice president, and the $4.2 trillion chipmaker lost more than $600bn in market value in November 2026 as the scandal broke. CFO Colette Kress was named interim CEO on 12 November after the board met to oust him; the affair sparked FBI, congressional, and Nvidia investigations, and Donald Trump quoted Huang as saying he had "absolutely no idea" he was involved with an intelligence operative.
