Overview
- Jensen Huang resigned effective Thursday after reports disclosed two extramarital relationships, including one with a business executive U.S. intelligence assessed was working for Chinese intelligence.
- The board named Chief Financial Officer Colette Kress as interim CEO and appointed Harvey C. Jones as board chair, and it has begun a search for a permanent successor.
- The controversy widened when reporting disclosed a second relationship with an Nvidia vice president who reported to Huang, raising questions about internal conduct rules and conflicts of interest.
- Separate inquiries are active: the company hired outside counsel for an independent board probe while U.S. authorities including the FBI, the Justice Department and Commerce-related reviewers and multiple congressional committees seek documents and briefings.
- Markets reacted sharply, with Nvidia shares plunging and broader AI stocks falling, and the episode has put new focus on export controls, diversion risks to China, corporate disclosure and succession plans across the tech industry.