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On November 12, 2026, Jensen Huang stepped down as CEO of Nvidia, ending 33 years at the helm of the company he co-founded in 1993. His departure followed a crisis involving reports of an extramarital affair and allegations of Alice Huang’s ties to Chinese intelligence—claims Beijing denied. The crisis coincided with a U.S. investigation into the possible diversion of advanced chips to Chinese companies and a lawsuit accusing Nvidia of misleading investors. The board said it had found no evidence that company secrets or information affecting national security had been leaked. Nvidia’s shares plunged, with estimates suggesting the company had lost more than $600 billion in market value. The board began searching for a new CEO, while CFO Colette Kress took over on an interim basis.
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