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Nvidia CEO Jensen Huang has resigned, according to Korea Times reports dated Nov. 12, 2026, after the company's board prepared to oust him over two extramarital affairs, including one with a suspected Chinese spy. The Wall Street Journal reported the board was preparing to oust Huang, and a source told Reuters the board met to decide his future. Nvidia has brought longtime tech executive Colette Kress into the role of interim CEO, with Kress having joined the chipmaker in 2013. The scandal has triggered a massive market selloff: Korea Times reports Nvidia was on track to shed more than $470 billion in market value over two sessions, with shares extending losses on Tuesday, and another report says the company shed about $430 billion over two sessions. A shareholder has also sued Nvidia and Huang, accusing them of deceiving investors in their responses to media reports about the affair. Korean shares turned lower Thursday amid the escalating controversies, with the benchmark KOSPI opening 0.2 percent higher before reversing, according to Korea Times. In Taiwan, Huang's birthplace, his rock-star image has been tainted after the FBI began an investigation into his affair with an alleged Chinese agent, the Korea Times reports. U.S. President Donald Trump said former Apple CEO Tim Cook should replace Huang, calling Cook 'a legend,' according to Korea Times.