Jensen Huang exits Nvidia

The downfall of Nvidia

co-founder Jensen Huang took another dramatic turn after reports of a third extramarital relationship emerged just hours after he resigned as chief executive of the artificial intelligence powerhouse.

Huang, 63, stepped down Thursday, 12 November 2026, ending his 33-year leadership of the company he transformed into one of the world’s most valuable technology firms.

Nvidia confirmed his immediate resignation as president, chief executive and board member, naming longtime chief financial officer Colette Kress as interim CEO.

But the scandal continued to unfold.

Reuters reported Thursday that Huang had an intimate relationship with another female Nvidia employee, citing two people familiar with the matter. The woman was not identified, and Reuters said attempts to reach her were unsuccessful.

The revelation brought the number of reported extramarital relationships involving Huang to three.

The first involved Chinese businesswoman Alice Huang, an executive associated with AI infrastructure company Megaspeed International, whom US intelligence officials suspect of having links to Chinese espionage.

Authorities have not publicly established that Alice Huang was a spy.

The alleged relationship raised national security concerns because of Nvidia’s central role in supplying advanced AI chips and continuing US restrictions on semiconductor exports to China.

The second relationship reportedly involved Kimberly Powell, Nvidia’s vice president of health care, who reported directly to Huang.

The New York Times reported that the two had been seen behaving affectionately at a hotel during a conference earlier this year.

Neither Powell nor Huang publicly confirmed that specific allegation.

From apology to resignation

On 8 November, Huang publicly acknowledged being unfaithful to his wife in a message to Nvidia employees.

“I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry,” he wrote.

Huang did not identify the woman involved or confirm the other reported relationships.

Nvidia’s board subsequently appointed independent legal counsel to investigate possible national security concerns surrounding the controversy.

The investigation involves former acting US Attorney Joon Kim and law firm Wachtell, Lipton, Rosen & Katz.

The company has not publicly concluded that sensitive information was compromised.

Huang’s resignation sent shock waves through the technology industry, where Nvidia’s processors underpin much of the global AI boom.

Reuters reported that Nvidia shares fell 4.3 percent Thursday as investors assessed the departure of the executive widely associated with the company’s rise.

The company also named longtime director Harvey Jones its first board chairman and began searching for a permanent chief executive.

Kress, who joined Nvidia in 2013, has pledged continuity in the company’s operations and technology strategy.