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Case: Nvidia's board inquiry and Jensen Huang's resignation 2 storiesAnders Eidesvik / Jensen huang stanford 2026-04-30 010.jpg / CC BY-SA 4.0, cropped

Jensen Huang resigns as Nvidia CEO; CFO Colette Kress is interim chief executive

Nvidia, which describes itself as the world leader in AI and accelerated computing, says its board accepted the resignation on 11 November and is searching for a permanent CEO.

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Check our sources · 27 facts from 10 sources
Jensen Huang, in a black leather jacket and glasses, looking to one side, in front of a whiteboard in a Stanford University classroom.Anders Eidesvik / Jensen huang stanford 2026-04-30 010.jpg / CC BY-SA 4.0, cropped
Jensen Huang, who until 11 November was Nvidia's chief executive, speaking at Stanford University on 30 April 2026. source · CC BY-SA 4.0

Key points

  1. Nvidia's Form 8-K reports that its board accepted Jensen Huang's resignation as president, chief executive and director on 11 November 2026, effective immediately.
  2. Colette Kress, 59, stays chief financial officer while serving as interim CEO; the board will consider internal and external candidates, and results are still due on 17 November.
  3. Nvidia gives no reason; The New York Times reported Huang was replaced after reports of affairs with a suspected spy and an executive reporting to him.

What happened

Jensen Huang resigned as Nvidia's president, chief executive and a member of its board of directors, effective immediately, and the board named chief financial officer Colette Kress interim CEO. Nvidia reported it in a Form 8-K (Item 5.02) for an event on 11 November 2026, with a press release dated 12 November.

Kress, 59, stays chief financial officer while she serves as interim CEO. The board has begun a search for a permanent CEO and says it will consider internal and external candidates.

The board also appointed Harvey C. Jones, 73, as chair. He has served on the board since 1993, and the press release calls him the first-ever chair of the board.

Nvidia's filing and press release give no reason for the resignation, do not mention the board's investigation and do not quote Huang, while The New York Times reported that he had been replaced as chief executive following revelations of an affair with a suspected spy and of another with one of his employees.

On 8 November Huang wrote to staff that he had been unfaithful to his wife, and the board opened an independent investigation after reports that he had been the target of a foreign intelligence effort, saying it had no grounds to believe that either national security or Nvidia secrets were compromised.

According to The New York Times, which cites multiple people briefed on the matter, U.S. officials concluded that a senior executive close to him had been recruited to spy by China's Ministry of State Security.

On 11 November The New York Times, citing five people who worked at Nvidia and spoke anonymously, reported that he had also had an extramarital relationship with an executive who reports to him.

A person familiar with the matter, speaking anonymously, told CNBC that the board decided to oust him and that sentiment quickly turned after the report of a second alleged affair.

Attorney General Todd Blanche said on 12 November that the Justice Department had not yet determined whether the woman is a Chinese spy, CNN reported, and The New York Times reported that China has denied the espionage claims.

Jones is quoted saying the board expects operations, customer commitments and the product roadmap to continue without interruption. Nvidia still plans to report third-quarter fiscal 2027 results on Tuesday 17 November as previously scheduled.

What it means for you

Our view

For customers and partners, what changes is who leads Nvidia. Harvey Jones, the chair, says the board expects operations, customer commitments and the product roadmap to continue without interruption. Neither document explains the resignation.

The board has not named a permanent successor and says it will look inside and outside the company. If you depend on Nvidia supply or roadmap commitments, watch the results report on 17 November and check whether it repeats the board's statement on continuity.

It adds no new facts.

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Check our sources

Every sentence above is checked against these 10 sources.

1 NVIDIA Form 8-K exhibit: NVIDIA Announces CEO TransitionNVIDIA / SEC · 12 Nov 2026 · 9 facts Open the source
  1. Nvidia's press release dated November 12, 2026 says the Board of Directors announced that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately.

    NVIDIA (NASDAQ: NVDA) Board of Directors announced today that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately.
    cite
  2. The press release says the Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates.

    The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates.
    cite
  3. The press release says the Board appointed Harvey C. Jones as its first-ever Chair of the Board.

    The Board of Directors appointed Harvey C. Jones as its first-ever Chair of the Board.
    cite
  4. The press release gives no reason for Huang's resignation.

    NVIDIA (NASDAQ: NVDA) Board of Directors announced today that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately.
    cite
  5. The press release quotes Harvey Jones, Chair of the NVIDIA Board, saying the Board expects the company's operations, customer commitments and product roadmap to continue without interruption.

    The Board has full confidence in Colette and the leadership team, and we expect the company’s operations, customer commitments and product roadmap to continue without interruption.
    cite
  6. The press release says NVIDIA will report its third-quarter fiscal 2027 financial results on Tuesday, November 17, as previously scheduled.

    NVIDIA will report its third-quarter fiscal 2027 financial results on Tuesday, November 17, at approximately 1:20 p.m. PT, as previously scheduled
    cite
  7. In the "About NVIDIA" paragraph of its 12 November 2026 press release, Nvidia describes itself as the world leader in AI and accelerated computing. the company says

    About NVIDIA NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.
    cite
  8. The press release quotes Colette Kress, Interim CEO and CFO, saying Nvidia will continue advancing the work that has made it a leader in accelerated computing and AI. the company says

    We will continue advancing the work that has made NVIDIA a leader in accelerated computing and AI, and execute on the opportunities ahead.
    cite
  9. Nvidia's press release of 12 November 2026 (Exhibit 99.1 to the Form 8-K) gives no reason for Huang's resignation, does not mention the board's investigation and does not quote Huang; it quotes only Harvey Jones and Colette Kress.

    said Harvey Jones, Chair of the NVIDIA Board of Directors ... said Colette Kress, Interim CEO and CFO, NVIDIA.
    cite
2 NVIDIA Form 8-K, 12 November 2026 (Items 5.02 and 9.01)SEC EDGAR (NVIDIA Corp) · 12 Nov 2026 · 7 facts Open the source archived copy
  1. Nvidia's Form 8-K, Item 5.02, reports that on November 11, 2026 the Board accepted the resignation of Jen-Hsun Huang as President, Chief Executive Officer and member of the Board, effective immediately.

    On November 11, 2026, the Board of Directors, or the Board, of NVIDIA Corporation accepted the resignation of Jen-Hsun Huang, as NVIDIA’s President, Chief Executive Officer and member of the Board, effective immediately.
    cite
  2. The Form 8-K says the Board appointed Executive Vice President and Chief Financial Officer Colette M. Kress, age 59, to serve as interim Chief Executive Officer while the Board conducts a search for a new Chief Executive Officer.

    the Board appointed NVIDIA’s Executive Vice President and Chief Financial Officer Colette M. Kress, age 59, to serve as interim Chief Executive Officer, while the Board conducts a search for a new Chief Executive Officer.
    cite
  3. The Form 8-K says Kress will continue as Chief Financial Officer while she serves as interim Chief Executive Officer.

    Ms. Kress has served as NVIDIA’s Executive Vice President and Chief Financial Officer since 2013 and will continue in that role while she serves as the interim Chief Executive Officer.
    cite
  4. The Form 8-K says that on November 11, 2026 the Board appointed Harvey C. Jones, age 73, as Chair of the Board, and that Mr. Jones has served on the Board since 1993.

    On November 11, 2026, the Board appointed Harvey C. Jones, age 73, as Chair of the Board. Mr. Jones has served on the Board since 1993.
    cite
  5. The Form 8-K, Item 5.02, states Huang's resignation and the appointments, and gives no reason for the resignation.

    On November 11, 2026, the Board of Directors, or the Board, of NVIDIA Corporation accepted the resignation of Jen-Hsun Huang, as NVIDIA’s President, Chief Executive Officer and member of the Board, effective immediately.
    cite
  6. The Form 8-K reports an event dated November 11, 2026, and is signed November 12, 2026 by Colette M. Kress as Interim Chief Executive Officer, Executive Vice President and Chief Financial Officer.

    Date of Report (Date of earliest event reported): November 11, 2026 ... Date: November 12, 2026 By: /s/ Colette M. Kress Colette M. Kress Interim Chief Executive Officer, Executive Vice President and Chief Financial Officer
    cite
  7. Nvidia's Form 8-K for the event of 11 November 2026 gives no reason for Huang's resignation, does not mention an investigation or inquiry, and quotes no one, Huang included.

    On November 11, 2026, the Board of Directors, or the Board, of NVIDIA Corporation accepted the resignation of Jen-Hsun Huang, as NVIDIA’s President, Chief Executive Officer and member of the Board, effective immediately.
    cite
3 A Message to Our CompanyNVIDIA · 8 Nov 2026 · 2 facts Open the source archived copy
  1. In an email to Nvidia employees, which Nvidia published on its newsroom on 8 November 2026 as "A Message to Our Company", Jensen Huang wrote: "I was unfaithful to my wife."

    Toned down to what the source says
    A Message to Our Company NVIDIA founder and CEO Jensen Huang sent the following email to NVIDIA employees earlier today. November 8, 2026 ... I was unfaithful to my wife.
    cite
  2. In the same 8 November 2026 message to staff, Huang wrote: "I support the investigation and will cooperate fully."

    Regarding the national security concerns raised in news reports, NVIDIA’s Board of Directors has initiated an independent investigation. I support the investigation and will cooperate fully.
    cite
4 Statement From NVIDIA Board of DirectorsNVIDIA · 8 Nov 2026 · 2 facts Open the source archived copy
  1. In its statement of 8 November 2026, Nvidia's Board of Directors said it was opening an independent investigation after reports that Jensen Huang "has been the target of a foreign intelligence effort".

    The NVIDIA Board is initiating an independent investigation in light of recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort.
    cite
  2. In its statement of 8 November 2026, Nvidia's Board of Directors said it had "no reason to believe that either national security or NVIDIA secrets were compromised".

    While the Board has no reason to believe that either national security or NVIDIA secrets were compromised, the Board's inquiry will examine all available information.
    cite
5 Statement From the Independent Members of the NVIDIA BoardNVIDIA · 10 Nov 2026 · 1 fact Open the source archived copy
  1. In a statement dated 10 November 2026, the independent members of Nvidia's board said they had retained former acting U.S. Attorney for the Southern District of New York Joon H. Kim and his firm Wachtell, Lipton, Rosen & Katz to conduct the investigation.

    cite
6 Jensen Huang Said to Have Had Relationship With Nvidia Executive Who Reports to Him, The New York Times, 11 November 2026The New York Times · 11 Nov 2026 · 2 facts · second-hand source (a report about the original) Open the source archived copy
  1. The New York Times reported on 11 November 2026, citing five people who worked at Nvidia and who spoke anonymously, that Jensen Huang had an extramarital relationship with an executive who reports to him. reported by The New York Times

    also had an extramarital relationship with an executive who reports to him, according to five people who worked at the company ... said the people, who spoke under the condition of anonymity to describe sensitive information.
    cite
  2. The New York Times reported on 11 November 2026 that China has denied the espionage claims. reported by The New York Times

    China has denied the espionage claims.
    cite
7 Trump Had Urged Nvidia's Jensen Huang to Fight for His Job, The New York Times, 12 November 2026The New York Times · 12 Nov 2026 · 1 fact · second-hand source (a report about the original) Open the source archived copy
  1. The New York Times reported on 12 November 2026 that Nvidia announced on Thursday that Huang had been replaced as chief executive "following revelations not just of the affair with the woman suspected of being a spy, but also another with one of his employees." reported by The New York Times

    Toned down to what the source says cite
8 Rubio Warned Officials About Nvidia Chief's Entanglement With Chinese Spy, The New York Times, 8 November 2026The New York Times · 8 Nov 2026 · 1 fact · second-hand source (a report about the original) Open the source archived copy
  1. The New York Times reported on 8 November 2026, citing multiple people briefed on the matter, that U.S. officials had concluded that a Chinese citizen who was a senior executive at a company buying Nvidia's chips was in a close relationship with Huang and had been recruited to spy by China's top intelligence agency, the Ministry of State Security. reported by The New York Times

    Toned down to what the source says cite
9 Nvidia CEO Jensen Huang live updates, CNBC, 12 November 2026CNBC · 12 Nov 2026 · 1 fact · second-hand source (a report about the original) Open the source archived copy
  1. CNBC reported on 12 November 2026 that a person familiar with the matter, who spoke on the condition of anonymity, said Nvidia's board decided to oust Huang and that sentiment quickly turned after the report of a second alleged affair. reported by CNBC

    cite
10 AG Blanche: DOJ has not determined whether Nvidia CEO was in relationship with Chinese spy, CNN live updates, 12 November 2026CNN · 12 Nov 2026 · 1 fact · second-hand source (a report about the original) Open the source archived copy
  1. CNN reported on 12 November 2026 that Attorney General Todd Blanche said at a press conference that day that the Justice Department has not yet determined whether the woman Huang was in a relationship with is a Chinese spy. reported by CNN

    cite

Corrections

  • 2026-11-13

    We added what Huang and Nvidia's board said on 8 November, and the reason The New York Times reported for his exit: he was replaced after reports of an affair with a woman U.S. officials suspect of spying for China and another with an executive who reports to him. We also added that the Attorney General says the Justice Department has not determined whether the woman is a spy, and that China denies the claims.

    Why we corrected it: The story rested only on Nvidia's filing and press release, which give no reason. The reason was already widely reported when we published, and without it the story was incomplete.

    What it said before: Colette Kress, 59, stays chief financial officer while she serves as interim CEO, and the board will consider internal and external candidates for the permanent role. The filing and the press release give no reason for the resignation; Nvidia says it will report third-quarter fiscal 2027 results on Tuesday 17 November as previously scheduled. Neither the filing nor the press release gives a reason for the resignation. Jones is quoted saying the board expects operations, customer commitments and the product roadmap to continue without interruption. Nvidia still plans to report third-quarter fiscal 2027 results on Tuesday 17 November as previously scheduled.

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