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Nvidia CEO Jensen Huang resigns after affair with alleged Chinese spy; shares fall more than 12%
Jensen Huang has stepped down as Nvidia’s CEO following revelations of an affair with Alice Huang, who is accused of spying for China, as the chipmaker’s stock drops over 12%.
Jensen Huang has resigned as chief executive of Nvidia after an affair with a woman accused of spying for China triggered national security concerns and a sharp market reaction.
Huang, Nvidia’s co‑founder, president and long‑time CEO, turned the firm from a graphics‑chip start‑up into what has been described as the world’s most valuable artificial intelligence company. His departure comes in the wake of an extramarital relationship with Alice Huang, a namesake who has been accused of spying for China.
Nvidia’s shares extended losses to more than 12% after the resignation became public, according to a market update, wiping a significant chunk off the company’s value during a period when demand for AI chips had been driving its rise.
The personal scandal connects to a broader case that has drawn in authorities in Asia and the United States. Singapore has barred Alice Huang from entering the country. Officials there accuse her of spying for China and misleading police about her role at Megaspeed, a company suspected of smuggling Nvidia chips to China. They said they did not have enough evidence to charge her, and criticized U.S. agencies for providing only limited assistance despite repeated requests, according to the Financial Times.
Former U.S. secretary of state Hillary Clinton has used what she called the “Jensen Huang spy scandal” to argue that the Justice Department has “totally decimated its counterintelligence expertise.” She said many of the personnel who used to carry out counterintelligence work are gone, and that the United States would have to “staff up again” to understand the scale of Chinese spying beyond this case.
Clinton also criticized how the U.S. government handled the Huang situation. She said that when officials know an American citizen is the target of an espionage “honeypot” operation involving seduction, they have a duty to warn that person. In this case, she said, “They didn’t tell him,” and she accused the government not only of failing to warn him but of later actions that raised further questions.
Inside Nvidia, Colette Kress will serve as interim chief executive while the board searches for a permanent replacement, according to a separate report. The leadership change comes as the company sits at the center of U.S.–China tensions over advanced chips and as regulators examine how Nvidia’s products move across borders.
The next signals will come from any formal investigations into possible tech exports to China, decisions by U.S. authorities on counterintelligence staffing and oversight, and Nvidia’s choice of a long‑term successor to manage both market expectations and heightened security scrutiny.