Jensen Huang Resigns: The Affairs, the Spy Claims and Nvidia's Fall

For 33 years, the man in the black leather jacket was Nvidia. He co-founded it in 1993 with two engineers over a meal at a Denny's in San Jose, built it into the company whose chips power the global AI boom, and became one of the richest people on earth. On Thursday, 12 November 2026, it ended in a single press release.

Jensen Huang resigns, effective immediately. No farewell keynote. No succession ceremony. Just a board statement, an interim CEO, and a week of headlines about secret affairs, a suspected Chinese intelligence operation and roughly a trillion dollars of vanished market value.

So what is actually going on with the Nvidia scandal? Here is what has been confirmed, what is only reported, what is denied, and why a story about a Silicon Valley billionaire carries a very practical lesson for anyone in Nigeria who trusts people they meet online.

Did Jensen Huang Resign?

Yes. In its official CEO transition announcement, Nvidia said Jensen Huang resigned as president, chief executive officer and board member, effective immediately. The announcement did not give a reason. A company spokesperson later told NBC News he will not work with Nvidia in any capacity going forward.

Huang, who is 63, had led Nvidia since he co-founded it in 1993.

The Nvidia Scandal: A Timeline of How It Unfolded

• October 2026: Reports emerge that US officials suspect Alice Huang, a Chinese citizen and former executive of Singapore-based AI computing firm Megaspeed, of working for Chinese intelligence. (She is not related to Jensen Huang.) Singapore says it is investigating Megaspeed.

• Sunday, 8 November: Jensen Huang sends a letter to staff admitting he was unfaithful to his wife, without naming the woman. Nvidia's board opens an investigation into whether he was the target of a foreign intelligence effort and brings in outside lawyers.

• Monday, 9 November: Nvidia shares fall as much as 8.8% before closing about 4.3% lower, wiping roughly $192 billion off its value in a day.

• Wednesday, 11 November: The board meets to weigh Huang's future. The New York Times reports a separate relationship with a senior Nvidia executive.

• Thursday, 12 November: Huang resigns. CFO Colette Kress becomes interim CEO and Harvey Jones, former Synopsys CEO, becomes Nvidia's first-ever board chair. Hours later, Reuters reports a third relationship with another, unnamed Nvidia employee. Huang is summoned to testify before the US Congress.

How Many Affairs Did Jensen Huang Have?

Three relationships have been reported, but only one has been admitted. Huang's 8 November letter acknowledged infidelity without naming anyone. Reports have linked him to Alice Huang, to a senior Nvidia executive, and, according to Reuters citing two people familiar with the matter, to a second Nvidia employee whom Reuters did not name. Huang has not confirmed the two workplace relationships.

Confirmed vs. reported vs. disputed

Who Is Alice Huang, the Woman at the Centre of the Spy Claims?

According to the Associated Press, via NBC Bay Area, very little about Alice Huang is public. Records show she became Megaspeed's controlling shareholder; she previously held senior roles at Shanghai Hexi Investment and worked in HSBC's Hong Kong private banking arm and at CITIC Securities. Megaspeed rents out computing power from advanced Nvidia chips.

The New York Times has reported that US officials believe China's Ministry of State Security recruited her to gather information about Huang and sway his views on selling AI chips to Chinese firms. Beijing rejects this, and the AP was unable to reach Alice Huang for comment. Treat the espionage claim as exactly that: a serious allegation under investigation, not a proven fact.

Who Is Nvidia's New CEO?

Nvidia's new interim CEO is Colette Kress, the company's long-time chief financial officer. She joined Nvidia in September 2013 after nearly 25 years in finance roles at companies including Cisco and Microsoft, and she keeps the CFO role while leading the company. The board says it is searching for a permanent CEO and will consider internal and external candidates.

Her first big test comes fast: Nvidia reports third-quarter results on Tuesday, 17 November.

What Happened to Nvidia Stock?

The damage has been steep. Nvidia closed at a record value of about $5.78 trillion on 6 October 2026. Through weeks of investigation headlines, it shed well over a trillion dollars. On resignation day, Nvidia shares fell more than 4% by the close. Nvidia also faces a shareholder class action alleging it inflated its share price by not disclosing the affair.

That matters beyond Wall Street. Nvidia is one of the heaviest weights in global stock indexes, so its swings ripple into the funds and dollar investments that a growing number of Nigerians hold through trading apps.

The Real Lesson: Even Billionaires Get Played by Trust

Strip away the billions and this is a story Nigerians already know too well: a relationship that may not have been what it seemed, and a powerful person who did not know who they were really dealing with.

Intelligence agencies call it a "honeypot". In Nigeria, we just call it a romance scam. The playbook is the same:

1. Build closeness fast. Attention, flattery and shared interests.

2. Create secrecy. "This stays between us."

3. Gain access. To your money, your information, your contacts or your decisions.

4. Exploit it. Quietly, often for a long time before anyone notices.

If a man with every security resource on earth could allegedly be targeted this way, ordinary people meeting strangers on Instagram, Telegram or dating apps should shine their eyes.

Expect the scammers to cash in on the headlines

Fraudsters already love Jensen Huang's face. In October 2025, a fake AI-generated Jensen Huang livestream pushing a crypto giveaway drew close to 100,000 YouTube viewers, far more than Nvidia's real keynote. With his name trending worldwide, expect:

• Deepfake videos of "Jensen" announcing a new crypto token or "farewell giveaway"

• "Buy the Nvidia dip" schemes promising guaranteed returns in naira or USDT

• Fake news links ("leaked video", "exclusive photos") that lead to phishing pages or malware

• WhatsApp "investment clubs" claiming insider knowledge of Nvidia's next move

Red Flags to Watch for Right Now

• A celebrity or CEO video asking you to scan a QR code or send crypto

• Any "Nvidia" investment offering fixed daily or weekly returns

• Pressure to act before a "deadline" or "before the market opens"

• An online partner who avoids video calls, asks for secrecy, or steers talk towards money, your job or sensitive information

• "Exclusive" scandal links sent by strangers or unknown numbers

How to Protect Yourself

• Get news from the source. Check Nvidia's own newsroom or established outlets, not forwarded broadcasts.

• Verify any investment platform first. Our guide on how to check if an investment platform is registered with SEC Nigeria shows you how, in minutes.

• Never send crypto because a video told you to. Real CEOs do not run giveaways.

• Verify people before you trust them. Before money, meetings or private information change hands, run the free checks in our guide on how to verify someone's identity in Nigeria.

• Learn the warning signs of Ponzi schemes. Nvidia-themed schemes follow the classic patterns we break down in how to identify a Ponzi scheme in Nigeria.

Already Sent Money or Shared Information? Act Fast

1. Call your bank's fraud desk immediately to request a recall or block.

2. Stop all contact with the person or platform, but keep screenshots, links, wallet addresses and receipts.

3. Report to the EFCC or the Nigeria Police Force National Cybercrime Centre (NPF-NCCC).

4. Report unregistered investment platforms to SEC Nigeria.

5. Change passwords on any account you logged into through a suspicious link, and turn on two-factor authentication.

Frequently Asked Questions

Did Jensen Huang resign from Nvidia? Yes. Nvidia announced on 12 November 2026 that Jensen Huang resigned as president, CEO and board member, effective immediately. The company gave no official reason, but the resignation followed a week of reports about extramarital relationships, including one with a woman US officials suspect of working for Chinese intelligence.

Who is the new Nvidia CEO? Colette Kress, Nvidia's chief financial officer since 2013, is interim CEO and will keep her CFO role. Harvey Jones, a former Synopsys CEO, became Nvidia's first-ever board chair. The board is searching for a permanent CEO and will consider candidates from inside and outside the company.

How many affairs did Jensen Huang have? Three relationships have been reported, but Huang has publicly admitted only one infidelity, without naming the woman. Reports link him to Alice Huang, to a senior Nvidia executive, and, according to Reuters, to a second unnamed Nvidia employee. Huang has not confirmed the two workplace relationships.

Is Alice Huang a Chinese spy? That has not been proven. US officials reportedly suspect she worked for Chinese intelligence, and the New York Times reported she was recruited to influence Huang. China's Foreign Ministry says the allegation is unsubstantiated. No finding that Nvidia secrets were compromised has been announced.

How old is Jensen Huang, and who founded Nvidia? Jensen Huang is 63. He co-founded Nvidia in 1993 with fellow engineers Chris Malachowsky and Curtis Priem, and served as its CEO for 33 years until his resignation in November 2026.

Conclusion

Jensen Huang resigns as one of the most powerful executives in the world, and the full story, from the spy allegations to the Congressional hearings, is still unfolding. What is already clear is that a single unverified relationship can shake even a $5 trillion company.

You don't need a board of directors to protect yourself. iAMProfiled helps you check whether the person you are dealing with is who they claim to be, through identity, digital footprint and behavioural reliability checks summarised in a PRODoT Score. And when an online connection becomes a real-life meeting, SecureMeet helps you verify them first and share your location with a trusted contact.

Remember: if it can happen to a billionaire, it can happen to anyone. Verify first, then trust.

Verify before you trust. Create your free Profiled account today.