These claims are extremely serious, as NVIDIA is among the most important semiconductor and artificial intelligence (AI) companies in the world today. Any major leadership changes at the company could impact not only its business, but also the global technology industry, the AI market, and investor sentiment.
But before believing any big news to be true, it is important to understand which information in it is officially certified and which is just an unconfirmed report or a claim made on social media.
1. NVIDIA officially announced confirmation of resignation
The most important information in this matter is NVIDIA's own official announcement. The company published a press release titled "NVIDIA Announces CEO Transition" in its newsroom on November 12, 2026.
The announcement clearly stated that Jensen Huang has resigned as the company's President, Chief Executive Officer (CEO), and a member of the Board of Directors. His resignation is effective immediately.
This means that the news of Jensen Huang's resignation is not just a claim circulating on social media, but is confirmed by an official statement from the company.
The company also announced that its current Executive Vice President and Chief Financial Officer (CFO), Colette Kress, will assume the role of interim CEO. She will continue to serve as interim CEO while also holding the position of CFO. This arrangement will continue until the company selects a new permanent CEO.
NVIDIA's board of directors also announced the start of a search for a permanent CEO. This process will consider candidates both from within and outside the company.
2. Who is Collette Kress, who got the responsibility of interim CEO ?
Colette Kress is one of NVIDIA's most experienced financial executives. She joined the company in September 2013 and has served as Chief Financial Officer (CFO) ever since.
His responsibility has been to handle important tasks related to the company's financial management, economic strategy, investments and financial operations.
Even before joining NVIDIA, Colette Kress had extensive experience in the technology industry. She held financial positions at major companies like Cisco and Microsoft. According to the company's official information, she has approximately 25 years of financial experience at various leading technology companies.
Now, as interim CEO, his biggest responsibility will be to maintain the company's normal operations, maintain investor confidence, and advance the company's existing plans in the field of AI and advanced computing.
It's important to note that Colette Kress has not yet been appointed as the permanent CEO. Her appointment is an interim arrangement. NVIDIA's board is searching for a new permanent CEO.
Harvey C. Jones, Chairman of the Company's Board, also expressed confidence in Collette Kress and her leadership team. He stated that no disruptions are expected to the Company's operations, customer promises, or product plans.
3. What happened before Jensen Huang's resignation ?
The entire incident began with reports that surfaced in early November 2026. These reports raised questions about Jensen Huang's personal relationships and alleged affair with a Chinese businesswoman, Alice Huang.
These reports claimed that Alice Huang's business connections and activities related to China were being investigated by US authorities. Some US intelligence agencies suspected she might be involved in espionage activities for China.
However, it is important to understand an important distinction in this matter: Suspecting someone of spying and proving that they are a spy are two different things.
NVIDIA's board announced the launch of an independent investigation following reports related to the matter on November 8, 2026. The company stated that a committee of independent directors would investigate the matter with the assistance of external independent legal counsel.
The board also clarified in its statement that it had no reason to believe that US national security or NVIDIA confidential information had been compromised. Jensen Huang also pledged to cooperate fully with the investigation.
At the time, the board expressed confidence in Huang and his leadership team. Therefore, it would be inaccurate to say that the company assumed he was guilty from the outset or that it took action against him only after the investigation was complete.
4. Has Jensen Huang been convicted of having links with a Chinese spy ?
The most sensitive part of this entire controversy is the alleged connection with Alice Huang and the suspicion of espionage leveled against her.
In this regard, on November 12, 2026, Reuters published a report of the statement of Todd Blanch, Deputy Attorney General of the US Department of Justice.
According to the report, Blanch clarified that the US Justice Department has not yet concluded whether Alice Huang was a Chinese spy. He also stated that the FBI is investigating reports that have surfaced.
Therefore, it would not be factually appropriate to definitively label Alice Huang a Chinese spy at this time. Until the investigation is complete and the relevant authorities release their findings, this allegation should remain an allegation or suspicion.
According to Reuters report, US President Donald Trump also commented on this matter and said that it has not yet been decided whether the woman concerned was a spy or not.
This makes it clear that Jensen Huang's resignation and the allegations against Alice Huang should not be presented in the same light. The resignation is officially certified, while the espionage allegation is under investigation.
5. Was NVIDIA's board preparing to remove Jensen Huang from his position ?
Another important aspect of this development is the role of the company's board of directors.
The Wall Street Journal and other news reports published on November 12th stated that NVIDIA's board was seriously considering Jensen Huang's future. Some reports even stated that the board was preparing to remove him as CEO.
After this, the official announcement of resignation came from the company.
Therefore, it can be said that there were reports of pressure and discussions at the board level regarding Huang's leadership. However, the company's official press release did not provide any detailed reasons for his resignation.
It's also important to note that the board's November 8th announcement expressed confidence in Huang's leadership. The leadership change was announced just days later. This rapid turn of events attracted attention from the technology industry and investors.
Therefore, it would be inappropriate to claim that the board formally dismissed him based on a single media report. The company's official statement refers to his resignation.
6. NVIDIA's board also changes after Jensen Huang's resignation
Along with the change in the CEO position, there has also been a significant change in the board of directors of NVIDIA.
The company has appointed Harvey C. Jones as its first Chairman of the Board. He is a longtime technology and investment professional. He previously served as CEO and Executive Chairman of Synopsys.
According to NVIDIA, Jones brings more than three decades of business and investment experience.
His appointment comes at a time when the company is facing the challenge of maintaining the confidence of investors and customers along with a change in its leadership.
Meanwhile, Reuters, in a report published on November 12th, also mentioned other alleged personal relationships involving Jensen Huang. The report cited sources as saying that he had an affair with another employee. Regarding these personal allegations, any unsubstantiated claims should be considered established facts.
7. What could be the impact on NVIDIA's business and stock market ?
NVIDIA's importance extends beyond being an American technology company. It plays a significant role in businesses related to artificial intelligence, data centers, graphics processing units (GPUs), and advanced computing worldwide.
Many of the world's largest technology companies rely on NVIDIA chips to power their AI models and data centers. Therefore, the impact of the company's leadership change could be felt across the global technology industry.
NVIDIA shares fell nearly 14 percent in early trading after Huang's resignation announcement, according to a Reuters report on November 13, 2026. However, the decline narrowed to about 4.3 percent by the close of trading.
This development underscores the importance of the company's leadership to investors. Jensen Huang has long been a key figure in NVIDIA's technology strategy and business expansion.
The biggest challenge facing the company now will be to maintain its current growth momentum and strengthen its position in the AI market under new leadership.
However, a single day's fall in the stock market cannot be considered a final indicator of a company's future performance.
8. Will Colette Kress become the next permanent CEO of NVIDIA ?
At present there is no official answer available to this question.
NVIDIA has clarified that Colette Kress will serve as interim CEO and the search for a permanent successor will continue.
The Reuters report also mentioned several other technology industry figures as potential candidates, including NVIDIA executive Ian Buck. However, these names should not be considered company-announced candidates or final selections.
The appointment of a permanent CEO will depend on the company's board's decision. Until an official announcement is made, it's too early to say whether Colette Kress will remain in the position long-term.
His priority at this time is to keep the company's day-to-day operations running smoothly and maintain business stability during the leadership transition.
Jensen Huang's resignation from NVIDIA marks a significant development for the global technology industry. He played a key role in the company's creation and growth over nearly 33 years. Under his leadership, NVIDIA has grown from a graphics chip manufacturer to a leading global player in the fields of artificial intelligence and advanced computing.
On November 12, 2026, the company officially confirmed his resignation and appointed Colette Kress as interim CEO, with Harvey C. Jones as its first chairman of the board.
the investigation and questions surrounding the allegations of Chinese espionage in this case are still ongoing. The US Department of Justice has not yet designated Alice Huang as a Chinese spy.
It will be important to see how NVIDIA's new leadership advances the company's AI strategy, business, and global competitiveness in the coming years.
The moment are that Jensen Huang has stepped down as CEO, Colette Kress is the interim CEO, and the company is searching for a permanent successor.
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