Nvidia CEO Jensen Huang Resigns — Colette Kress Steps In

Quick Answer: Nvidia CEO Jensen Huang resigned after the board investigated allegations of infidelity, and CFO Colette Kress was named interim CEO. The probe, led by Wachtell, Lipton, Rosen & Katz, followed a Financial Times report citing US officials that the relationship had been romantic. Nvidia is not listed on Bursa Malaysia, but its results due the following day are the next test for shareholders.

Why Did Nvidia CEO Jensen Huang Resign?

Bursa Malaysia opens lower as Nvidia leadership crisis weighs on Wall Street — Bursa Malaysia opened lower as the Nvidia leadership crisis weighed on Wall Street.

Huang was given no choice but to resign after the board met remotely on Wednesday. The meeting lasted late into the night.

According to a person familiar with the situation, his usual take-charge demeanor had evaporated. He had started saying “whatever” and “I don’t care.”

Harvey Jones, chair of the board, wrote to employees that “Jensen’s contributions to Nvidia are profound.” Huang could not be reached for comment.

How Did the Jensen Huang Allegations Escalate?

Late October: News broke that Huang had close ties with Alice Huang, a woman suspected of being a Chinese spy.
Since late 2025: Huang denied to friends and colleagues that he had been unfaithful to his wife.
Friday, Nov. 6: A Financial Times story cited US officials saying the relationship had been romantic.
Soon after: General counsel Tim Teter went to Huang’s house, and Huang confessed.
Saturday: The board announced an investigation led by Wachtell, Lipton, Rosen & Katz.
Sunday: Huang emailed the company, admitted the affair, apologised to his family and vowed to “cooperate fully.”
Wednesday: The New York Times reported an extramarital relationship with Kimberly Powell, Nvidia’s vice president of health care.

In one of his last interviews as CEO, Huang told Bloomberg News the relationship was “completely normal and not unusual.” Teter, who is board secretary, told directors they had to act, even though most of the board still did not want to take a public stance.

Did the Scandal Hurt Nvidia’s Day-to-Day Control?

Huang had around 60 executives reporting to him. Every employee filed emails listing their top five priorities, and Huang normally replied immediately at all hours.

In recent days, his response times had grown longer. Huang was famous for attention to detail, from chip architecture to junior staff compensation.

What Happens to Nvidia Under Interim CEO Colette Kress?

The board named Kress interim CEO the next morning. She wrote: “I believe deeply in this company and in its future.”

She pledged an all-hands meeting on Nov. 18. Bloomberg reported that Wall Street expects quarterly sales growth to nearly double when Nvidia reports the following day.

Who Could Replace Jensen Huang at Nvidia?

Advanced Micro Devices Inc. CEO Lisa Su and Arm Holdings Plc CEO Rene Haas are considered likely shortlist names. Nvidia never created a traditional succession plan.

Huang’s roles spanned technologist, executive, marketer, lobbyist and mascot. Nvidia will now be managed more like a regular company.

What Does Huang’s Exit Mean for Nvidia Shareholders?

Nvidia has no Bursa stock code or ringgit valuation here, so Malaysian holders must track it through overseas markets. Worth monitoring: the results due the following day, the Nov. 18 all-hands and the CEO search. For a framework on screening AI names, see AI Stock Analysis for Malaysians.

Huang is expected to testify before Congress. Politicians will ask whether his relationship with Alice Huang put Nvidia’s state-of-the-art chip secrets at risk.

According to people who have spoken with him, Huang calls himself a “piece of sh–” and says he does not care what happens to him. His main concern, he says, is his wife and not “ruining the lives” of the women linked to him.

Disclaimer: This article is for general information only and is not investment advice. Do your own research before making any investment decision.

Key Takeaways

Jensen Huang resigned as Nvidia CEO after the board met remotely on Wednesday.
The board announced its investigation on Saturday, led by Wachtell, Lipton, Rosen & Katz.
CFO Colette Kress is interim CEO, with an all-hands meeting set for Nov. 18.
Lisa Su and Rene Haas are reported shortlist names, and Nvidia had no traditional succession plan.
Nvidia is not listed on Bursa Malaysia, so Malaysian investors must track it through overseas markets.

Frequently Asked Questions

Why did Nvidia CEO Jensen Huang resign?

The board gave Huang no choice but to resign after an investigation into allegations of infidelity. Huang had confessed to general counsel Tim Teter before the Wachtell, Lipton, Rosen & Katz probe was announced.

Who is the interim CEO of Nvidia?

CFO Colette Kress is interim CEO, named the morning after Huang’s resignation. She pledged an all-hands meeting on Nov. 18.

Is Nvidia listed on Bursa Malaysia?

No. Nvidia is not listed on Bursa Malaysia, so its shares do not carry a Bursa stock code or ringgit pricing. Check with your broker which overseas markets it offers before trading.

Source: View Original Article — The content is based on the original publisher. Refer to the original content for accurate info. Contact us for any changes.