Nvidia co-founder Jensen Huang has resigned as president and chief executive officer effective immediately, the company's board of directors announced on November 12, 2026. The departure follows admissions regarding personal conduct and an internal inquiry into foreign intelligence vulnerabilities.
Huang acknowledged an extramarital affair in a November 8 message to staff, the same day the company launched an independent inquiry into whether foreign intelligence targeted its chief executive. U.S. government surveillance reportedly indicated that Alice Huang, also known as Huang Le, transmitted information directly to officials in Beijing.
In May 2026, Secretary of State Marco Rubio reportedly briefed President Donald Trump regarding counterintelligence risks tied to the relationship before Huang joined a diplomatic flight on Air Force One. President Trump stated publicly on November 9 that Huang told him he did not know about her connections to foreign intelligence services, describing the chief executive as an "honorable man" who was "definitely suffering." Additional reports indicated Huang had engaged in an affair with Nvidia subordinate Kimberly Powell.
Market Impact and Earnings Schedule
Nvidia shares fell more than 5 percent on the afternoon of November 12, putting the stock 31 percent below its peak from October 6. The company had reached a $4 trillion market valuation in July 2025 after securing approval from the Trump administration to export H20 chips to China.
The board has not announced an interim or permanent successor to lead the company. Nvidia is scheduled to release its third-quarter fiscal earnings report on November 17, 2026. Investors evaluating portfolio holdings can consult their financial advisor or plan administrator.
