# Jensen Huang resigns as Nvidia CEO after espionage scandal wipes out $1.4 trillion in market value

- Source: The Decoder
- Published: 2026-11-12T14:11:40.000Z
- Bad Influence: https://badinfluence.news/items/wa9pvjar9wric8ng9vgbqwv7p
- Original: https://the-decoder.com/jensen-huang-resigns-as-nvidia-ceo-after-espionage-scandal-wipes-out-1-4-trillion-in-market-value/

## Summary

Jensen Huang resigned as CEO, president, and board member of Nvidia effective immediately, according to a November 12, 2026 statement. The Wall Street Journal had reported the board planned to fire him over extramarital affairs, one with a suspected Chinese spy. Since an October 29 New York Times report on possible Chinese intelligence ties, Nvidia has lost roughly $1.4 trillion in market value, and CFO Colette Kress is interim CEO.