Jensen Huang, the founder of Nvidia, announced on November 12, 2026, that he has resigned from his positions as CEO and board member, effective immediately. Just hours after the news of his departure broke, further media reports emerged alleging that he had been involved in an intimate relationship with another Nvidia employee. This marks the third rumored extramarital affair connected to Huang that has come to light recently. Reports indicate that Huang’s personal wealth diminished by $6.8 billion on the same day the allegations were made public.
Nvidia officially released a statement regarding Huang’s resignation before the U.S. stock market opened on November 12. Following this, Reuters cited two sources familiar with the situation who reported that, in addition to the previously revealed two extramarital affairs, Huang had also cultivated a close relationship with another Nvidia staff member. The identity of this employee has not yet been disclosed. The reporters were unable to reach the woman for further verification of the claims.
Neither Nvidia nor representatives for Huang and the board of directors responded to requests for comments from the media.
Previously published reports had identified the two other women involved in the allegations: Alice Huang, a 49-year-old executive at the Singapore-based company Megaspeed, and Kimberly Powell, the 48-year-old vice president of Nvidia’s healthcare division.
This scandal has caught the attention of the market, with reports suggesting that Nvidia, the leading force in artificial intelligence technology, has seen its market value diminish by $500 billion as a consequence of these developments.
It has been reported that Huang was closely associated with Alice Huang, a high-ranking executive at Megaspeed International, a data center company in Singapore. U.S. intelligence agencies have expressed suspicions that she may have connections to the Chinese Communist Party’s intelligence operations, raising national security concerns in the United States.
On November 8, Huang publicly acknowledged his infidelity in a statement to Nvidia employees, expressing remorse for the pain he has caused his wife, family, and employees. However, he did not disclose the names of the women involved in his affairs within this statement.
The matter has also attracted the attention of the U.S. government and Congress. Leaders from three key Republican committees in Congress have requested that Huang provide a closed-door briefing on November 18 regarding his interactions with Alice Huang.
The Nvidia board announced it would initiate an independent investigation into the implications of these events for corporate governance and national security.
Reports indicate that Alice Huang, the woman purportedly involved in the extramarital affair and linked to espionage activities with the Chinese Communist Party, has recently returned to China. In recent years, she had entered the U.S. ten times and Taiwan eight times.
In addition to Alice Huang, it has been reported that Jensen Huang had an affair with Kimberly Powell, the vice president of Nvidia’s healthcare division.
On the evening of November 11, The New York Times referenced five former Nvidia employees who disclosed that discussions about Huang’s relationship with Powell had circulated internally within the company. Two of these insiders noted that Huang and Powell were spotted engaged in intimate interactions at a hotel during Nvidia’s annual technology conference held in San Jose, California, in March of this year.
Powell joined Nvidia in 2008 and was promoted to senior director of business development for artificial intelligence in 2016. By the end of 2017, she became the vice president of the healthcare division, focusing on advancing the application of AI chip technology in higher education and healthcare.
Reports indicate that Powell is married, and when Huang was questioned about his relationship with her, he did not provide a direct response.
Huang’s resignation from his role as Nvidia’s CEO has come at a significant financial cost. According to Bloomberg, he will forfeit approximately $108 million in unvested stock awards, but the larger impact is seen in the decline of Nvidia’s stock price: as of 11:10 a.m. EST on Thursday, Huang’s net worth had decreased by $6.8 billion.