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Nvidia CEO Jensen Huang steps down amid reports of extramarital affairs

Rival chipmakers gained and CoreWeave fell after the resignation, while Nvidia shares were already down 30% from their October peak.

Published Nov 13, 2026 · 07:39 UTC2 reports

The short version

  • Nvidia chief executive Jensen Huang resigned Thursday following reported affairs, one allegedly involving a suspected Chinese spy.[ABC News]
  • Rival chipmakers Broadcom, Intel and AMD gained Thursday, while CoreWeave closed down almost 7%.[ABC News]
  • Nvidia's stock was down 30% from its October peak through Tuesday, a decline coverage ties to a wider AI-trade reassessment.[CNBC]
  • The reported allegations remain unconfirmed in the provided coverage, so the full impact on Nvidia's leadership is unclear.[ABC News]

Key facts

  • Nvidia CEO Jensen Huang stepped down Thursday following reports of extramarital affairs, including with a suspected Chinese spy.[ABC News]
  • Shares of Broadcom, Intel and Advanced Micro Devices advanced Thursday after Huang's departure, as investors predicted customers might diversify their suppliers.[ABC News]
  • CoreWeave closed down almost 7% on Thursday, and Nvidia holds a nearly 13% stake in CoreWeave.[ABC News]
  • Nvidia's stock fell 30% from its October 6 peak through Tuesday's close, amid a broader reassessment of the AI trade prompted by Democrats' midterm victory.[CNBC]

What remains uncertain

  • The reports of affairs and the suspected spying link are not confirmed in the provided coverage.[ABC News]
  • Nvidia's 30% decline runs through Tuesday, before the Thursday resignation, and is tied to a broader AI-trade reassessment rather than the resignation alone.[CNBC · ABC News]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.