Nvidia confirmed Jensen Huang’s resignation as CEO, president and board member on November 12, 2026, and named finance chief Colette Kress interim CEO. The move followed reports about Huang’s personal relationships, including allegations involving a woman U.S. intelligence reportedly suspected of links to China. Nvidia said it had no reason to believe company secrets or national security were compromised, and its independent investigation was still underway. The allegations have not established that Huang knowingly gave information to a foreign government.
Nvidia shares fell 14% at the opening bell. Some crypto and AI figures criticized Huang’s departure and warned it could weaken support for open-weight AI models, but claims that his exit was engineered to hurt open-source AI remain unproven. Nvidia’s planned acquisition of the open-model hub Hugging Face is still subject to regulatory clearance.
