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Posted on 11/12/2026 7:40:09 AM PST by UnwashedPeasant
Nvidia (NVDA) stock tanked Thursday after Jensen Huang resigned as CEO. The company's CFO, Colette Kress, will serve as the interim head of the business until a permanent successor is named. Nvidia stock dropped 13% on the news before paring losses. The leadership shakeup followed a report from The New York Times on Wednesday that embattled Nvidia (NVDA) CEO Jensen Huang was allegedly involved in a second extramarital affair. The company's board was reportedly meeting on Wednesday night to determine if it will oust Huang as chief executive, the Wall Street Journal reports. According to the report, Huang, whose relationship with a woman alleged to be a Chinese spy has embroiled the company in scandal this week, also had a relationship with Nvidia executive Kimberly Powell. The Times report says that Huang and Powell were seen being affectionate at a hotel during a company conference in March. Huang was already under investigation for an affair with Alice Huang, an alleged Chinese spy. The CEO admitted the affair in a memo to employees. "I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry," Huang wrote. The Information reported on Tuesday that Alice Huang is believed to be involved in a network of Chinese companies that facilitated the shipment of $7.5 billion in chip sales to China. Given the size and importance of Nvidia in the stock market today, the revelation marks one of the biggest CEO-personal conduct scandals in history. It also highlights Nvidia's key-person risk and uncertain succession plan as questions swirl about whether the board will ask Huang to step down. The news has drawn immediate and varied reactions from leaders ranging from the US president to other CEOs. President Trump ...
(Excerpt) Read more at finance.yahoo.com ...
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Satan needs China to develop his AI image of the anti-Christ ‘Beast’ system for the World, not the USA.
seems to me the stock market grossly over-reacted, discounting the stock by 27% for a fundamentally very sound company with demonstrated legitimate skyrocket-level grown ...
The market is about emotion as much as its about value.
Quadruple so for the commodity markets.
Nvidia’s board of directors removed Jensen Huang as chief executive on Thursday, just three days after giving him a vote of confidence and less than a month after a national security scandal and an affair allegation began tearing through the company he founded in 1993.
The Nvidia board reached its decision after an hours-long meeting Wednesday at the roughly $4 trillion company. It capped a remarkable stretch even by the standards of a tech industry that has watched Nvidia become the linchpin of the artificial intelligence boom. Huang had been fighting to keep his job since October 29, when the media reported on a “close relationship” between him and a woman named Alice Huang, a Chinese citizen and executive at Megaspeed, the largest buyer of Nvidia chips in Southeast Asia, who U.S. intelligence suspects of spying for Beijing.
The company announced that CFO Colette Kress will serve as interim CEO as it searches for a permanent replacement:
Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, has agreed to serve as Interim Chief Executive Officer. Kress will continue to serve as Executive Vice President and Chief Financial Officer while serving as Interim Chief Executive Officer until a permanent successor has been named. The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates.
Kress has served as Executive Vice President and Chief Financial Officer of NVIDIA since joining the company in September 2013. During her tenure, she has led the company’s finance organization and has played a key role in NVIDIA’s growth and evolution. Prior to joining NVIDIA, Kress spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft.
The Board of Directors appointed Harvey C. Jones as its first-ever Chair of the Board. Mr. Jones has been an entrepreneur, technology executive, and active venture investor for over 30 years, including serving as Chief Executive Officer and Executive Chairman of Synopsys.
So a guy has some affairs and he’s a risk, a liability and fired. But when a woman CEO screws around she’s brave and independent.
“Notable Women CEOs with Affairs Who Were Not Fired
Overview
Several women in high-profile executive positions have faced scrutiny for extramarital affairs but were not terminated from their roles. Here are a few examples:
Name Company Affair Details Outcome
Ginni Rometty IBM Rumored to have had affairs during her tenure. Remained CEO until retirement in 2020.
Mary Barra General Motors Faced rumors but no confirmed affairs reported. Continues as CEO since 2014.
Indra Nooyi PepsiCo Speculated relationships but no confirmed affairs. Served as CEO until 2018.
Context:
Ginni Rometty led IBM for nearly a decade and faced various rumors regarding her personal life but remained in her position until her planned retirement.
Mary Barra has been a prominent figure in the automotive industry and has maintained her role despite any personal speculation.
Indra Nooyi was known for her leadership at PepsiCo and faced no formal allegations that led to her dismissal.
If these were not confirmed, but just rumors, why are you posting them?
For example, if Huang was dating a woman from his neighborhood, who had no connections to a foreign government, it's likely we would have never known.
LOL...you conveniently omitted the CEO of the high-tech chip maker was engaged in an affair with a Communist spy.
Your post is no different from typical half-truth propaganda junk on CNN & MSLSD.
It was the second affair, with an American coworker, that triggered the ouster — three days after the board gave him a vote of confidence.
This was the puritanical left clutching their pearls for China.
Soon to be another democrat congressional investigation.
And it gets worse:
United States Secretary of Commerce Lutnick is implicated in all of this - he delayed implementing 47 ban on exporting NVDA chips. As it turns out, shipments of those chips left the US and arrived in China subsequently. 47 is not in the clear either on this.
Alice is an ex-TV news reader who moved into China’s Silicon Valley and became a big player somehow, she then went on to form her own company as an expediter of smuggled chips. Her connection to China’s MSS is unclear. She’s now home in Beijing.
He fell for the oldest trick in the book. Women NEVER do that. /sarc
FWIW...
https://www.sec.gov/Archives/edgar/data/1045810/000104581026000082/nvidiaannouncesceotransiti.htm
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