TLDR
- Nvidia (NVDA) stock traded near $151 Thursday after Jensen Huang resigned as CEO.
- Reuters put the Thursday drop at 5.5%, and the stock is down over 30% from its early October peak.
- Reuters reports Huang had a relationship with another employee, a third alleged affair.
- CFO Colette Kress is interim CEO while the board searches for a replacement.
- The FBI is investigating reports that Alice Huang worked for the Chinese government.
Nvidia (NVDA) stock was trading near $151 on Thursday after Jensen Huang quit as CEO. Early losses topped 13% after the open.
Reuters later put the Thursday drop at 5.5% in active trading. The stock has lost more than 30% since its early October peak.
Then came a fresh report, just hours after the resignation. Reuters said two people familiar with the matter told it that Huang had an intimate relationship with another Nvidia employee.
BREAKING: Jensen Huang reportedly had an “intimate relationship” with a second Nvidia, $NVDA, employee, per Reuters.
This marks the third alleged affair for the now-former Nvidia CEO.
— The Kobeissi Letter (@KobeissiLetter) November 12, 2026
Reuters is not naming her, and it could not reach her. Nvidia declined to comment.
How the Story Unfolded
On November 8, Huang admitted to an affair in a public statement. He did not name the woman.
That statement followed reports about his relationship with Alice Huang. Pressure grew on Huang, who is 63 and married.
Bloomberg reports $NVDA board met late into the night and left Jensen Huang no choice but to resign and by then his usual take-charge attitude had reportedly given way to “whatever” and “I don’t care.”
He has since called himself a “piece of sh–” and says he no longer cares… pic.twitter.com/epooC3XvWX
— Shay Boloor (@StockSavvyShay) November 13, 2026
On Thursday, he resigned as CEO and left the board. By then, two relationships had already been reported.
The first involved Alice Huang, whom US intelligence officials suspect of working for Chinese intelligence. The second involved Kimberly Powell, Nvidia’s vice president of health care.
Powell, Huang and a board representative did not reply to Reuters’ requests for comment. Alice Huang could not be reached.
US Attorney General Todd Blanche spoke at a press conference Thursday. He said the Justice Department had not determined whether Alice Huang was a Chinese spy.
Blanche did confirm the FBI is investigating reports that she worked for the Chinese government. Beijing has denied the allegations.
Venture capitalist Haseeb Qureshi said the growing list of disclosures hurt Huang’s credibility. He pushed back on tech figures who were defending the Nvidia co-founder.
“As others have said: ‘when you find two ants in your kitchen, the best estimate for the ants in your kitchen is not two,’” Qureshi wrote on X.
What the Board Has Done
The board named finance chief Colette Kress as interim CEO. It is weighing internal and external candidates for the permanent job.
Earlier this month, the board launched a probe led by independent directors with outside legal counsel. It is looking at whether Huang was targeted by a foreign intelligence operation, and the board said it had confidence in him at the time.
The newest Reuters report landed hours after the resignation. Nvidia declined to comment on it.
