Jensen Huang Is Out at Nvidia. Here's What the Board Decided.

[CONFIRMED] What the board decided. Nvidia announced Thursday that Jensen Huang, who co-founded the company and led it for 33 years, resigned as president, CEO and a member of the board, effective immediately. The company's statement:

• Interim CEO: Colette Kress, executive vice president and CFO, will serve as interim CEO while remaining CFO, until a permanent successor is named.
• New chair: Harvey C. Jones, a director since 1993 and former CEO of Synopsys, becomes the board's first-ever chair.
• Search: The board will consider internal and external candidates for permanent CEO.
• Earnings: Third-quarter results are still scheduled for Tuesday, Nov. 17.

"The Board has full confidence in Colette and the leadership team," Jones said. The company's release includes no quote from Huang.

[CONFIRMED] How it got here. The New York Times reported Oct. 29 that Huang had a close relationship with Alice Huang, an executive at Megaspeed, a Singapore-based AI infrastructure company and Nvidia customer that U.S. and Singaporean authorities have investigated over suspected diversion of chips to China. Nvidia's spokesperson said then that Huang's interactions with her were "not unusual or unexpected." On Nov. 8, Huang told employees he had been unfaithful to his wife and wrote, "I owe my family and all of you an apology." The board opened an independent investigation, TechCrunch reports.

[ALLEGED, NOT PROVEN] The Times reported that U.S. authorities concluded Alice Huang acted as a Chinese intelligence asset, and that a classified administration memo described her as working for China's Ministry of State Security. The Information reported that her family built a network of companies to acquire Nvidia chips. She is not related to Jensen Huang. No charges against her have been reported, and these claims have not been tested in court.

[CONFIRMED] The pressure. Three House Republican committee chairs requested a closed-door briefing from Huang on Nov. 5 and said he would likely be subpoenaed if he declined. The Justice Department has taken over the federal investigation of Megaspeed, the Times reported. President Trump, who had said Huang should stay, said the FBI was looking into the matter and said of Huang, "I think that he'll be in good shape," SiliconANGLE reports. Nvidia shares fell more than 6% in early trading Thursday.

[NOT YET KNOWN] What the board's independent investigation found, whether any Nvidia chips reached China through Megaspeed, and whether Huang will testify to Congress.

[COMMENTARY] Nvidia makes the chips the U.S. government treats as a national security asset. The board removed its founder in days once the question moved from his private life to the country's export controls. The real story is not the affair. It is whether the chips went where the law says they cannot go.

Notice the pattern. Interrupt it.

— Daniel Ward, Prodigal Breaking News

Sources: NVIDIA, "NVIDIA Announces CEO Transition" (Nov. 12, 2026) and SEC Form 8-K; TechCrunch, "The unfolding Jensen Huang scandal: a timeline" (Nov. 12, 2026); SiliconANGLE (Nov. 12, 2026); The New York Times, The Information and Bloomberg, as cited by TechCrunch; NPR (Nov. 12, 2026); CNN (Nov. 11–12, 2026).

Image: satire. AI-generated, not a photograph.