Jensen Huang has resigned as Nvidia’s chief executive, with chief financial officer Colette Kress taking over on an interim basis, the Guardian reported Thursday, citing a statement from the company’s board.

The departure follows Huang’s admission of an extramarital affair and reports about relationships with a woman suspected of links to Chinese intelligence and a company employee. The board’s statement confirming his exit did not mention those allegations or give them as the reason for his departure.

Instead, directors praised the executive who co-founded Nvidia in 1993. “Jensen’s contributions to Nvidia are profound,” the statement said, thanking him for his contributions to the company and the technology industry. Kress will serve until a permanent successor is named.

Earlier this week, the board hired law firm Wachtell, Lipton, Rosen & Katz to conduct what it described as a “thorough and independent” investigation into Huang’s relationship with Alice Huang, who is not related to him. At that stage, directors had instructed him to continue leading Nvidia while the investigation proceeded.

According to the Guardian, Alice Huang leads Singapore-based datacentre company Megaspeed and has been identified in multiple reports as a suspected Chinese intelligence asset. Jensen Huang has denied knowing that she allegedly worked for the Chinese government.

In an email to employees Sunday, he admitted having an affair without directly naming the suspected intelligence operative and said he would cooperate with the internal investigation. The board separately announced an inquiry into reports that he had been targeted by a foreign intelligence effort.

The Guardian also cited a New York Times report published late Wednesday alleging a separate affair with Nvidia healthcare president Kimberly Powell. That report added pressure as directors met Wednesday night.

The leadership change comes at a company central to the artificial-intelligence industry, supplying advanced chips used to train models for businesses including OpenAI and Anthropic.

Nvidia shares fell about 7% in Thursday’s pre-market trading after the Wall Street Journal reported that directors were preparing to remove Huang, according to the Guardian. The newspaper said the stock had declined more than 11% over the preceding few days.

Sources