This is not good news for the U.S. technology sector and the global race for dominant AI specifically.
Given the dependency of the U.S. AI race on the specific hardware provided by the world’s second largest corporation (measured by capitalization) the resignation of President and CEO Jensen Huang could have significant ramifications.
Obviously, those global interests who are rushing to catch up to the USA position, as well as those who are opposed to datacenters and AI development, are celebrating the news.
PRESS RELEASE – NVIDIA (NASDAQ: NVDA) Board of Directors announced today that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately.
Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, has agreed to serve as Interim Chief Executive Officer. Kress will continue to serve as Executive Vice President and Chief Financial Officer while serving as Interim Chief Executive Officer until a permanent successor has been named. The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates.
Kress has served as Executive Vice President and Chief Financial Officer of NVIDIA since joining the company in September 2013. During her tenure, she has led the company’s finance organization and has played a key role in NVIDIA’s growth and evolution. Prior to joining NVIDIA, Kress spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft.
The Board of Directors appointed Harvey C. Jones as its first-ever Chair of the Board. Mr. Jones has been an entrepreneur, technology executive, and active venture investor for over 30 years, including serving as Chief Executive Officer and Executive Chairman of Synopsys.
“Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position,” said Harvey Jones, Chair of the NVIDIA Board of Directors. “She is supported by an experienced leadership team that has been instrumental in executing NVIDIA’s strategy and advancing its technology roadmap. The Board has full confidence in Colette and the leadership team, and we expect the company’s operations, customer commitments and product roadmap to continue without interruption.”
“NVIDIA’s strength has always come from its people, and together with our leadership team, I am committed to building on the extraordinary foundation Jensen created over the last 33 years,” said Colette Kress, Interim CEO and CFO, NVIDIA. “We will continue advancing the work that has made NVIDIA a leader in accelerated computing and AI, and execute on the opportunities ahead. Our focus remains on serving our customers, partners, developers and shareholders.”
Jensen’s contributions to NVIDIA are profound. NVIDIA is one of the most consequential technology companies in the world. The Board and the company thank Jensen for his immeasurable contributions to the company and the industry.
NVIDIA will report its third-quarter fiscal 2027 financial results on Tuesday, November 17, at approximately 1:20 p.m. PT, as previously scheduled, followed by its earnings call at 2 p.m. PT. (source)
The Nvidia board initiated an “independent investigation in light of recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort,” the company said in a statement Sunday, noting that the investigation — which it said Huang “fully supports” — will be overseen by a “committee of independent directors, assisted by outside independent counsel.”
We will investigate after we hang him.
Impeccable logic from the Queen of Hearts.
Oh, where has that white rabbit run off in a hurry to now?
A point of view from MOA:
“Whatever one might say about Jensen Huang, the founder and CEO of Nvidia, he has done well for his company and those who own shares in it.
Some people dislike that:
OpenAI and Anthropic, the main U.S. model makers, would like exclusivity for their products. Nvidia’s Jensen Huang is favoring open source models as these are likely to create more demand for his chips.
Some ‘nationalist’ U.S. ideologues do not want their geopolitical competitors, i.e. China, to develop AI capabilities. Nvidia wants to sell more chips and has no reason to care where these are used.
The current attack on Jensen Huang, Nvidia’s founder and CEO, has to be understood in that context. The attack is based on anonymous allegations (for which there is zero evidence) that his partner in a love affair, Alice Huang (not related), has been spying for China. Another claim is that Nvidia has sold chips to Chinese entities without the appropriate export licenses.
There are obviously very powerful forces behind this attack. According to the NYT it was Secretary of State Marco Rubio who has distributed the allegations about Alice Huang. The claims about here alleged spying for China come from anonymous ‘U.S. intelligence’ sources without any evidence. The Economist Leader column is calling for Jensen Huang’s resignation before even the most basic facts are known.
The timing here is not by chance.
The intimate relations between the two Huangs seem to have been an open secret. Megaspeed has been on the U.S. intelligence radar since at least 2024. Smuggling allegations against Megaspeed, a Chinese related company in Singapore, have been publicly made since early 2025. Nvidia has done no business with the company since July 2025.
Someone pulled this rabbit out of the hat for a specific purpose.
As Fred Gao writes for Inside China:
The Jensen Huang Spy Story Doesn’t Add Up
This is a textbook case of intelligence agencies using insider leaks to shape the agenda. Once anonymous officials leak something to The New York Times and it gets printed, it becomes “fact” by default.
…
If you look at this through the lens of who benefits, the biggest winners are the hawks pushing for a chip embargo on China.
The U.S. is currently advancing three bills:
The AI Overwatch Act would give Congress oversight authority over advanced chip exports, to block White House decisions to loosen AI chip export licensing to China.
The Chip Security Act require companies to track where their chips go and build mechanisms such as location verification into controlled advanced chips, to combat smuggling and illegal transshipment.
The MATCH Act, which pressures U.S. allies to impose more export restrictions on chipmaking equipment to China.
Jensen Huang is the loudest voice in Washington against the chip bans. Prove that he is tied to a spy from China, and you can morally discredit everyone who opposes the export bans, and recast lobbying as
We will investigate after we
hangHuang him.Those things get guys into more trouble.
Respectfully, it’s called a “thingy”.
I read that sentence in 2 different ways… 😉
Now investigate the AI ‘slags’.
Hostile takeover
Putting a numbers girl in charge will destroy the company.
The Chinese do seem to have a considerable honeypot operation going. People in senior positions like Huang not only need to be aware of that, but also to keep their zipper under better control at all times.
President TRUMP on Truth Social said that Tim Cook should replace Huang.
I wrote earlier about the first news of the resignation : What was really funny was the NBC reporter claiming that “both Republicans and Democrats have been worried about his connections to an alleged Chinese spy.”
I just about choked: the only thing DEMS would worry about is whether he could keep funneling information to the Chinese spy!
DEMS “worried about” Chinese espionage! It is to laugh!
Great. Let’s take a guess, a woman will be appointed.