Jensen Huang resigns as Nvidia CEO, after The Wall Street Journal reported the board planned to dismiss him
Jensen Huang resigns as Nvidia CEO after espionage scandal wipes out $1.4 trillion in market value
On November 12, 2026, Jensen Huang announced he was resigning effective that day as Nvidia CEO, president and director; CFO Colette Kress is serving as interim, and the board is searching for a permanent successor. Previously, The Wall Street Journal reported that the board planned to remove Huang after two extramarital affairs were disclosed, one of them with a person suspected of being a Chinese spy; since The New York Times reported on October 29 that he might be linked to Chinese intelligence agencies, Nvidia's market value has evaporated by about 1.4 trillion USD. Harvey C. Jones will become the first independent chairman, saying business operations are unaffected. The report analyzed that Huang supported Nvidia's market position through alliances with financial parties and about 300 billion USD in guarantees to smaller customers, and that his departure could cause this structure to unravel; major customers such as Microsoft, Amazon, Alphabet, OpenAI and Anthropic rely heavily on Nvidia chips, but the 75% profit margin is pushing them to develop cheaper in-house alternatives.
The main text lays out the structure Jensen Huang built with alliances among financial parties and about 300 billion USD in customer guarantees, and how his departure could shake the AI industry landscape that depends on Nvidia chips.