Jensen Huang has resigned as Nvidia's chief executive, stepping down after reports emerged that he misled company leaders about his relationship with Chinese businesswoman Alice Huang. The resignation, announced Thursday, followed revelations of an affair and internal correspondence indicating a lack of transparency regarding his dealings with Ms. Huang and her former company, Megaspeed International.
The controversy surrounding Jensen Huang deepened as Reuters reported, citing internal messages and anonymous sources, that he had described his interactions with Alice Huang and Megaspeed as routine business dealings to Nvidia executives, including General Counsel Tim Teter and Chief Marketing Officer Alison Wagonfeld. This occurred in late 2025 and again in October 2026, when press queries prompted internal scrutiny.
US Investigation Into Alice Huang
Alice Huang, a former senior executive at Megaspeed, an Nvidia customer, is currently under investigation by US authorities on suspicion of spying for China. While they share a surname, Jensen and Alice Huang are not related. Jensen Huang stated in a late October interview that he had not been informed by the US government about any suspicions regarding Alice Huang.
Huang's Apology and Market Impact
In a statement issued Sunday, Jensen Huang apologized for being unfaithful to his wife and for disappointing the company, though he did not specifically name Alice Huang. Separate reports also detailed intimate relationships with two other Nvidia employees.
The fallout from these revelations has been significant for Nvidia. The company's shares plummeted by more than 30% since their closing high on October 6, resulting in a loss of over $1.8 trillion from its market capitalization.