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Nvidia shares plunge as CEO Huang resigns amid spy affair scandal

Nvidia CEO Jensen Huang has resigned, and the company is bringing longtime executive Colette Kress in as interim CEO, the Korea Times reports. The resignation follows a board meeting to decide his fate amid reports of two extramarital affairs, including one with a suspected Chinese spy, and an FBI investigation. Nvidia shares extended losses, putting the chip giant on track to shed more than $470 billion in market value over two sessions, and a shareholder has sued Nvidia and Huang, accusing them of deceiving investors. Korean shares also turned lower Thursday amid the escalating controversies, despite overnight Wall Street gains.

  1. Nvidia CEO Jensen Huang to step down in big blow to AI boom Korea Times · 2026-11-12
  2. Nvidia is preparing to oust CEO Jensen Huang, WSJ reports Korea Times · 2026-11-12
  3. Nvidia board meets to decide CEO Huang's future as leadership crisis deepens Korea Times · 2026-11-12
  4. Nvidia heads for $400 bil. 2-day wipeout as CEO affair fallout deepens Korea Times · 2026-11-11
  5. Nvidia and Jensen Huang face shareholder lawsuit alleging investors were misled about spy affair Korea Times · 2026-11-11
  6. Who is Colette Kress, Nvidia's interim CEO? Korea Times · 2026-11-12
  7. Seoul shares turn lower amid Nvidia controversies despite Wall Street rally Korea Times · 2026-11-12

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