Jensen Huang resigns as Nvidia CEO after alleged affairs

Submitted ⁨⁨21⁩ ⁨hours⁩ ago⁩ by ⁨Powderhorn@beehaw.org⁩ to ⁨technology@beehaw.org⁩

https://www.theguardian.com/technology/2026/nov/12/nvidia-ceo-jensen-huang-resigns

Jensen Huang has resigned as chief executive of Nvidia after reports of extramarital affairs with an alleged Chinese spy and a company employee.

He will be replaced on an interim basis by Nvidia’s chief financial officer, Colette Kress, until a full-time successor is named.

Shares in the chipmaker plunged by 13% when Wall Street opened, after Huang’s departure was announced. After a partial rebound, they were down 7% in morning trading, wiping more than $320bn (£242bn) off Nvidia’s value on the day and more than $600bn for the week – valuing the company at about $3.9tn.

The statement from Nvidia’s board of directors confirming Huang’s departure did not mention the spying scandal and personal conduct revelations that have enveloped the company, instead paying tribute to Huang’s “profound” contributions to the company he co-founded.

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its_me_xiphos@beehaw.org ⁨16⁩ ⁨minutes⁩ ago
Remember when eVGA said they would not long work with nVidia and were dropping out of GPU design? All of the corporate greed, corporate cheating, and corporate bad practices are telling. I wonder if eVGA saw all of this and decided to nope out.

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Rolive@discuss.tchncs.de ⁨2⁩ ⁨hours⁩ ago
I mean, as disgusting as cheating is, this is kinda mild compared to other billionaire ceos which are blatant neo nazis or epstein customers.

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Steve@communick.news ⁨20⁩ ⁨hours⁩ ago
Alleged!?
He admitted to it! Told his wife and everything.

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- tal@lemmy.today ⁨19⁩ ⁨hours⁩ ago
  I think that technically he didn’t publicly announce who it was, just that he’d been involved in an affair and apologized.
  
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- aim_at_me@lemmy.nz ⁨19⁩ ⁨hours⁩ ago
  Its always alleged until the investigation is concluded, a confession doesnt change that, its a single piece of evidence weighed for or against others. In this case it does appear fairly slam-dunk, but still process should be followed.
  
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  - Steve@communick.news ⁨18⁩ ⁨hours⁩ ago
    Investigatation? The affair isn’t a crime. There’s no investigation there. He says he had an affair, that’s closed.
    
    The investigation is about his involvement and knowledge of the GPU smuggling.
    
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its_me_xiphos@beehaw.org ⁨15⁩ ⁨hours⁩ ago
It wasn’t a problem until the espionage and smuggling became public news.

Sad, but the truth.

Given the current administration, nVidia cna likely donate to some pet project and get off without as much as a nasty letter from the DoJ.

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- ranandtoldthat@beehaw.org ⁨14⁩ ⁨hours⁩ ago
  The smuggling was reported over a year ago. The affair being reported drew the real outrage. Might’ve been a strategically timed reveal.
  
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baconmonsta@piefed.social ⁨19⁩ ⁨hours⁩ ago
The whole affair is just a smokescreen. It’s been an open secret for a while that Jensen has been funneling banned GPUs to China’s AI projects via Singaporean firms. This grift doesn’t stop at Jensen but he’s now the chosen scapegoat.

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GMac@feddit.org ⁨20⁩ ⁨hours⁩ ago
Far more importantly, when will he be in court to answer for his corporate crimes, market interference, fraud, breach of international sanctions, musleading the stock market, interfering in legal investigations and christ alone knows how much more.

All of the above are documented and clear but people only get interested by spicy words china, spy, affair, honeypot.

This is an exit to dodge accountability and i hope to god the new ceo can manage something resembling a controlled landing of the reckless crash trajectory that nvidia has been leading.

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