Nvidia Probe Expands Amid New Allegations
Nvidia's internal investigation into its former CEO, Jensen Huang, has intensified following reports of an intimate relationship with a second unnamed employee. This revelation comes just days after Huang's resignation on Thursday evening, November 12, 2026, stemming from two other alleged extramarital affairs.
The previous affairs involved Alice Huang, who is suspected of being a Chinese spy, and Kimberly Powell, Nvidia's vice president of healthcare. Jensen Huang had publicly acknowledged an affair on November 8 after initial reports surfaced concerning his relationship with Alice Huang, though he did not name her at the time.
Interim Leadership and CEO Search Underway
In response to the escalating controversy, Nvidia's board has moved swiftly to establish interim leadership. Colette Kress, previously the finance chief, has been appointed as interim CEO, while Harvey C. Jones has taken on the role of the company's first-ever board chair. Kress will continue to oversee Nvidia's financial operations during this transitional period.
The board has initiated a comprehensive search for a permanent successor to Jensen Huang, considering both internal talent and external candidates to lead the prominent technology firm.
Foreign Intelligence Probe and Market Impact
Adding another layer of complexity, Nvidia has launched a separate probe, led by independent directors and outside legal counsel, to determine if the ousted CEO was potentially targeted by a foreign intelligence operation. This investigation underscores the serious nature of the allegations surrounding Huang's conduct and the potential implications for national security and corporate integrity.
The controversy has also impacted Nvidia's market performance. On Thursday, the company's shares fell 5.5% in active trading. Overall, the stock has experienced a significant downturn, losing more than 30% of its value since its peak in early October.