Jensen Huang resigns as Nvidia CEO after espionage scandal wipes out $1.4 trillion in market value

Jensen Huang resigned as Nvidia's CEO, president, and board member effective immediately, according to a November 12, 2026 statement, after the Wall Street Journal reported the board planned to fire him following revelations about two extramarital affairs, one with a suspected Chinese spy. Nvidia has shed roughly $1.4 trillion in market value since an October 29 New York Times report on possible ties to Chinese intelligence, and CFO Colette Kress is taking over on an interim basis while the board searches for a permanent successor. The article notes Huang left no clear succession plan, with more than 60 employees reporting directly to him, and that his departure could unravel the alliance and guarantee structure he used to secure Nvidia's market position.