CEO and co-founder of Nvidia, Jensen Huang, has resigned in a decision that will send reverberations around the tech industry. Nvidia and the FBI have both launched investigations after Huang admitted to an affair with a suspected Chinese spy.
Huang has been pivotal in growing Nvidia into a $4 trillion juggernaut at the center of the current AI boom. The company operates a flat structure with no second-in-command. Nvidia stock already dropped 4% in overnight trading following the reveal of the affair and then fell even further after the New York Times reported Huang had a second extramarital relationship with an Nvidia employee called Kimberly Powell.
Now that Huang has confirmed his resignation we we'll be following the fallout live.
In 2025, US intelligence officials briefed Donald Trump regarding Jensen Huang’s close relationship with Alice Huang (no relation). Huang is an executive at Megaspeed, a Singapore-based data center company. US officials began watching her under the suspicion she’s smuggling Nvidia’s AI chips into China.
Spring 2026: A memo drafted by U.S. Secretary of State Marco Rubio circulates among top policymakers in the Trump administration — explicitly stating that the Megaspeed executive is a spy for China’s Ministry of State Security.
In May 2026, despite these concerns being circulated regarding Huang’s relationship with a suspected Chinese asset, he was invited to join Trump’s official delegation during a diplomatic trip to China.
At September’s White House State Dinner, Jensen Huang and his wife, Lori Huang, attended the dinner hosted by Trump for Chinese President Xi Jinping.
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