Nvidia CEO and co-founder Jensen Huang came into the spotlight after he was accused of cheating on his wife of 40 years, Lori, and of a link to Chinese espionage.
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Add BollywoodShaadis on GoogleNvidia co-founder Jensen Huang has stepped down from his role as the company's President and CEO. He made the decision after a series of controversies involving two alleged extramarital affairs. In fact, one of them has been linked to a national security investigation in connection with China. Notably, Jensen's resignation has taken effect immediately. In turn, it marks a major leadership change for the AI chips giant. Meanwhile, the company is already facing scrutiny from US officials and investors.
Nvidia's Board of Directors confirmed Jensen Huang's exit on November 12, 2026. The announcement came after some reports revealed that he allegedly had two separate relationships. The first extramarital affair involved Alice Huang, a senior executive at Singapore-based data center company, Megaspeed. US intelligence officials have reportedly suspected that she had links to China's Ministry of State Security.
In fact, they reportedly believe that she was involved in gathering information about Nvidia's AI chips and US operations. Jensen had admitted to being unfaithful to his wife of more than 40 years. However, he had denied that he compromised the company's secrets or national security.
Jensen and Alice's relationship also came under criticism after authorities investigated whether Megaspeed had acted as a link to bring restricted Nvidia clips into China. According to reports, the company had reportedly bought around USD 4.8 billion worth of Nvidia hardware. Thus, it has raised concerns about possible export control violations.
The controversy increased on November 11, 2026, when The New York Times reported that the 63-year-old executive was also involved with Kimberly Powell. She is Nvidia's Vice President of Healthcare and directly reports to him.
In fact, the report alleged that Jensen and Kimberly were seen being affectionate at a San Jose hotel during Nvidia's GTC conference in March 2026. Jensen's security team reportedly had to intervene when a passerby recorded them. Some speculation suggest that the individual was allegedly asked to sign a non-disclosure agreement.
Needless to say, Jensen and Kimberly's relationship has also raised questions about the possible violations of Nvidia's workplace policies and conflict-of-interest rules. In turn, the US lawmakers also requested a briefing from Jensen over potential national security concerns.
Meanwhile, the FBI and outside law firm Wachtell Lipton, Rosen and Katz have also been investigating the different aspects of the case. After an emergency board meeting, Jensen has stepped down. For now, Nvidia has stated that they are continuing its daily operations, customer commitments, and product roadmap.
After Jensen Huang's immediate exit, Nvidia has appointed its longtime finance executive Colette Kress as Interim CEO. She will also continue to work as the company's Executive Vice President and Chief Financial Officer while the board looks for a permanent replacement. They are reportedly considering both internal and external candidates.
For those who don't know, Colette joined Nvidia in September 2013. She was recruited by Jensen. During her 13-year tenure, she has played a significant role in managing the company's finances as it transitioned from a graphics chip manufacturer into a global AI powerhouse. She has been responsible for managing financial planning, investor relations, and overseeing major business investments.
Before joining Nvidia, Colette spent nearly 25 years working in finance roles in different technology companies. She worked at Microsoft from 1997 to 2010. Eventually, she became the CFO of its Server and Tools division. Later, she worked as CFO of Cisco's Business Technology and Operations Finance.
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