# Nvidia CEO Jensen Huang resigns

> Nvidia CEO Jensen Huang steps down amid spy scandal, triggering AI industry turmoil.
- Title: Nvidia CEO Jensen Huang resigns · CNBC | Shortify
- Summary: Nvidia CEO Jensen Huang steps down amid spy scandal, triggering AI industry turmoil.
- Keywords: nvidia, jensen huang, ceo, spy scandal, ai industry, congressional investigation, stock decline, alleged chinese spy, extramarital affair, nvidia stock, CNBC
- Source: CNBC — https://cnbc.com/2026/11/12/nvidia-jensen-huang-ceo-live-updates.html
- Author: Kif Leswing,Annie Palmer,Kevin Breuninger,Samantha Subin,Ashley Capoot
- Published: 2026-11-12T13:51:59+00:00
- Read time: 2 min
- Topics: nvidia, jensen huang, ceo, spy scandal, ai industry, congressional investigation, stock decline, alleged chinese spy, extramarital affair, nvidia stock, business, finance
## Nvidia CEO resigns
Nvidia CEO Jensen Huang steps down as co-founder after admitting to affairs with two women, one allegedly a Chinese spy.
## Interim CEO named
CFO Colette Kress becomes interim CEO following Huang's resignation, with board confidence in leadership continuity.
## Alleged spy scandal
Huang admitted to affair with Alice Huang, a Singaporean businesswoman linked to Chinese intelligence, after reports of her espionage.
## Trump's reaction
President Trump called Huang's situation a 'horrible thing' and 'so sad to see' after Huang resigned.
## Congressional probes
Senate Banking Committee demands Huang and Commerce Secretary Lutnick testify before Congress on national security concerns.
## Stock impact
Nvidia shares dropped 4.3% to a 52-week low after Huang's resignation, triggering investor concerns.
## AI industry fallout
Huang's exit threatens U.S. leadership in AI, with analysts warning of a competitive disadvantage to China.
## Chinese market reaction
Chinese AI companies saw stock declines as U.S. scrutiny of Nvidia chip exports intensified.
## Nvidia board investigation
Nvidia board hired Wachtell Lipton to investigate intelligence allegations related to Huang's affairs.
## Investor backlash
Retail traders bought Nvidia shares following the resignation, but analysts downgraded the stock due to leadership risks.
## Political fallout
Democrats launched investigations into Trump's approval of Nvidia chip exports to Chinese-linked companies despite intelligence concerns.
## Huang's family
Two of Huang's children work at Nvidia, with his son-in-law also holding a leadership role in the company.
## National security concerns
U.S. intelligence alleged Huang had a relationship with a Chinese spy, raising national security risks for Nvidia's AI technology.
## Huang's resignation timeline
Huang resigned as CEO on Thursday after a series of reports about his affairs and alleged espionage.
## Market reaction
Nvidia stock closed down 4.3% to a 52-week low, with investors concerned about leadership continuity.
## Next steps
Nvidia board to search for permanent CEO while facing congressional investigations and stock volatility.
## Key takeaway

Nvidia CEO Jensen Huang resigned after admitting to affairs with two women, one allegedly a Chinese spy, sparking congressional investigations and stock declines.