Nvidia CEO Jensen Huang has resigned after the company’s board reportedly considered his removal over revelations of two extramarital relationships—one with a subordinate and another with a woman U.S. intelligence officials believe is a Chinese spy. The news sent Nvidia shares tumbling 10% in pre-market trading, extending a brutal month for the chipmaker.
Scandal Rocks Nvidia Leadership
Huang’s resignation follows a tumultuous week for the AI chip giant. On Sunday, reports surfaced that Huang had an affair with Alice Huang, an executive at cloud company Megaspeed, who intelligence sources allege may be working for China. Then, on Wednesday, The New York Times revealed a separate relationship with Kimberly Powell, Nvidia’s VP of healthcare—a direct report to Huang.
The dual scandals forced an emergency board meeting Wednesday, with lawmakers and investors demanding Huang’s ouster. By Thursday morning, the 30-year CEO had stepped down.
Market Panic Over Leadership Void
Nvidia shares plunged 10% in pre-market trading following the news, adding to a 20% monthly decline fueled by the scandal. Analysts scrambled to assess the damage, with Bernstein slashing its price target from $400 to $200 in a single day.
“Jensen is Nvidia,” Bernstein analyst Stacy Rasgon told CNBC. “He’s the visionary who put them in this position. Who makes the next decade’s decisions now? There’s no obvious successor.”
Board Faced Impossible Choice
Experts say Nvidia’s board was trapped between two disastrous options. Keeping Huang risked congressional investigations and reputational ruin. Removing him threatened to destabilize the company that had become synonymous with his leadership.
“Without Huang, Nvidia becomes uninvestable,” Questar Capital’s Richard Reyle warned, noting the lack of a clear replacement. The resignation now leaves Wall Street questioning whether Nvidia can maintain its dominance in the AI chip race without its iconic leader.
Source: www.breitbart.com — https://www.breitbart.com/tech/2026/11/12/nvidia-shares-crash-7-in-pre-market-trading-as-investors-ponder-potential-ouster-of-jensen-huang/?utm_source=breaking_news&utm_medium=banner