Colette Kress is taking on the role after the resignation of CEO Jensen Huang.
Nov 12, 2026
Nvidia stock took a sharp dive on Thursday, after longtime CEO Jensen Huang resigned amid reports he engaged in two extramarital affairs. The chipmaker’s stock fell to $148.80 per share after the opening bell, down 14.4 percent from closing on Wednesday. Nvidia stock later rebounded slightly, topping $162 per share, but it was down about...
Nvidia CEO Jensen Huang resigned on Thursday from the company he co-founded after revelations of extramarital affairs, including one with a woman alleged to be a spy for China. Sen. Cindy Hyde-Smith (R-Miss.) conceded to Democrat Scott Colom on Wednesday night, notching one more state in the Democrats' belt after last week's blue tsunami flipped several...
Nvidia CEO Jensen Huang will step down from his role at the AI chip giant following explosive reports of two extramarital affairs, one of which involved an alleged Chinese spy. The company announced Thursday morning that Huang was resigning immediately and Colette Kress, executive vice president and chief financial officer of Nvidia, will take over...
Sen. Kevin Cramer (R-N.D.) said he feels “strongly” that Nvidia CEO Jensen Huang should resign following reports alleging the tech leader had an "intimate relationship” with an accused Chinese spy and another with an Nvidia executive who reported to him. "I can't believe we are even considering him not resigning. I mean, I do feel...
Nov 11, 2026
Shares of Nvidia tanked early Wednesday evening, after The New York Times reported that the tech firm’s CEO Jensen Huang had a second affair. The company’s stock was down roughly 8.3 percent during after-hours trading, dipping below $160 per share. Nvidia shares had not fallen below that threshold since June 2025. Nvidia shares were trading at...
Palantir CEO Alex Karp revealed he has been criticizing President Trump “in private” over his handling of immigration and the administration detaining a record number of people throughout the summer. "Well, I'm really happy to hear the president, you know, in his words: ‘yeah, we kind of went too far," Karp told Politico’s Adam Wren....
President Trump is standing by Nvidia CEO Jensen Huang amid the tech executive’s affair with an alleged spy, heightening national security concerns around the unfolding scandal. While tech observers and lawmakers said Trump’s quick defense of Huang was expected, the situation raises questions about Trump’s tight allyship with industry leaders, and whether it could undermine...
The Tech Oversight Project is laying out a blueprint for Democrats in their first 100 days of the new Congress, urging the party to keep up the pressure on major tech firms and bring forward legislation tackling social media, AI and data centers. In a memo shared first with The Hill, the tech watchdog group...
Democratic Sen. Michael Bennet (Colo.) is pressing intelligence and commerce leaders in the Trump administration on its investigation into the cloud computing and data center firm Megaspeed following reports the Commerce Department paused their investigation into the company last year. Bennet, in a letter sent Tuesday, asked the heads of the departments of Justice (DOJ),...
Fox Business host Larry Kudlow called for Nvidia CEO Jensen Huang to resign after it was revealed the tech billionaire had an affair with a woman suspected of spying for China, arguing the scandal makes him a liability to the AI industry. “Step down, Mr. Huang. Right now,” Kudlow, a former economic adviser to President...
Former FBI special agent Tracy Walder on Tuesday said Nvidia CEO Jensen Huang "should have known better" after admitting he had an affair with an alleged Chinese spy, which is raising concerns over national security. "Now, someone like him, who's the head of this trillion-dollar company, should have had people around him telling him, 'No,'...
Nvidia’s stock rebounded on Wednesday morning, as the company probes and lawmakers scrutinize CEO Jensen Huang's relationship with an alleged Chinese spy. Shares of the company were up roughly 3.4 percent as of the late morning, trading at above $174 per share. Nvidia’s stock closed below $169 per share on Tuesday, reaching a six-month low...
