Nvidia CEO Jensen Huang steps down amid spy scandal and market loss | Donald Trump News
Nvidia CEO Jensen Huang Resigns Amid Scandal
Published November 12, 2026
Nvidia CEO Jensen Huang has resigned from his position following revelations of alleged affairs, including one with a suspected Chinese spy. The fallout from these scandals has significantly impacted Nvidia, a leading technology company valued at $4.2 trillion, resulting in a loss of over $600 billion in market value this week.
The Nvidia board convened on Wednesday to discuss Huang’s removal, prompted by investigations from the FBI and the U.S. Congress. These inquiries are linked to Huang’s relationship with an executive associated with one of Nvidia’s business partners, raising serious national security concerns. The company is also facing a class-action lawsuit from shareholders in response to the turmoil.
Huang, 63, co-founded Nvidia and has served as its president and CEO. Known for his close ties to former President Donald Trump, he has advocated for the relaxation of U.S. restrictions on chip exports to China. Trump commented earlier this week that Huang had expressed unawareness of his relationship with an intelligence operative.
Huang is reported to hold approximately 3.6 percent of Nvidia’s shares, placing him among the wealthiest individuals globally.
Further updates on this developing story will follow.
