Nvidia live updates: Following Jensen Huang's resignation as CEO, allegations of a third affair emerge Yahoo Finance Updated Fri, November 13, 2026 at 12:07 PM EST 1 min read NVDA -3.24% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Nvidia (NVDA) stock extended declines on Friday, the day after Jensen Huang resigned as CEO. On Thursday, the stock fell as much as 13% before retail traders bought the dip and shares pared losses to 4%. The company's CFO, Colette Kress, will serve as the interim head of the business until a permanent successor is named.
The leadership shakeup followed a series of allegations of Huang's extramarital affairs with a customer and two employees.
On Nov. 8, Huang admitted to an affair believed to be with Alice Huang, a woman alleged to be a Chinese spy. The revelation embroiled the company in scandal this week, which only intensified after a report from The New York Times on Wednesday alleged that he also had a relationship with Nvidia executive Kimberly Powell. The company's board met on Wednesday night and decided to oust Huang.
On Thursday, Reuters reported that Huang had a third affair with a second Nvidia employee, who remained unnamed, as the fallout from the scandal spread.
Follow along for live updates and reactions.
According to the FT, ARM CEO Rene Haas is a potential successor to Jensen Huang as Nvidia CEO. He has been the leader of Arm since 2022.
"During his tenure, he led Arm's return to the public markets through the largest IPO in 2023, its inclusion in the Nasdaq-100, and consistent record financial performance, nearly doubling revenue and profit. He has established Arm as the foundational compute platform for the AI era — from the smallest edge devices to the largest AI data centers.," per the company's website.
ARK Invest's Cathie Wood weighed in on the Jensen Huang scandal at Yahoo Finance's Invest Conference in NYC.
Bloomberg reporters Drake Bennett and Ian King chronicled former Nvidia CEO Jensen Huang's last day as leader of the AI behemoth.
"At the end, Jensen Huang looked broken and shattered, his legendary energy depleted. After weeks spent denying the allegations of infidelity and fighting to remain in his job as Nvidia Corp.'s chief executive officer, his surrender late Wednesday night was unconditional. Huang's usual take-charge demeanor had evaporated, according to a person familiar with the situation, and he'd started using phrases like 'whatever' and 'I don't care.' …
According to people who've spoken with him in recent days, Huang has already taken a penitent turn, castigating himself as a 'piece of sh--.' He claims not to care what happens to himself at this point. His main concern, he says, is his wife, and not 'ruining the lives' of the multiple women now romantically linked to him in the public imagination."
On his show Sozzi Unleashed, Yahoo Finance's executive editor Brian Sozzi asked former Medtronic CEO Bill George what grade he'd give Nvidia's board.
"About an F," George said. "The board's first obligation is to ensure CEO leadership. They did not investigate Jensen Huang carefully until the fall. How can you have the world's most valuable company and no kind of succession plan, not even anyone being groomed with 60 people reporting to Jensen?"
Here's a startling stat from Sherwood News' Luke Kawa: On Thursday, Robinhood traders bought twice as much Nvidia (NVDA) stock as the rest of the 6,183 stocks traded, combined.
Kawa summed it up: "Retail traders have been nothing but consistent in their love for buying the dip in Nvidia during its leadership crisis."
The cheapest way for an American company to run AI is a free model made in China. The scandal that just cost Nvidia its CEO could shut off the chips those models depend on.
Companies are making the switch fast. Duolingo (DUOL) co-founder and CEO Luis von Ahn said at Yahoo Finance Invest on Thursday that each AI practice call in his app used to cost about 30 cents. Now it's "less than a cent," he said, "by moving most of this to open weight models," the kind of AI anyone can download and run for free. Decagon co-founder and CEO Jesse Zhang said new customers at his AI startup run "almost entirely" on them.
The most downloaded of those free models come from China, and the biggest maker by far is Alibaba (BABA). Read more.
Wall Street expects Nvidia to report $108.7 billion in quarterly sales when it reports Q3 FY27 earnings on Tuesday.
Nvidia (NVDA) stock slipped more than 2% on Friday as investors digested the exit of Jensen Huang as CEO of the AI chip heavyweight on the heels of reports of multiple affairs.
The stock is expected to close out the week in the red, slipping below the $4 trillion market cap threshold.
Following this week's selloff, some strategists point to a compelling valuation given its forward PE [price-to-earnings] ratio of 13, with revenue growing at 60% year-over-year.
Go deeper with AlphaSpace 160.81 -5.38 (-3.24%) As of 12:20:18 PM EST. Market Open. Today at 1:23 PM UTC Grace O'Donnell Jensen Huang hires lawyers: NYT Jensen Huang has hired the law firm Paul Weiss and two of its litigation partners Melinda Haag and Walter Brown, according to the New York Times.
Although Huang has resigned from his post, Nvidia is expected to continue its investigation into his affair with Alice Huang, a Megaspeed executive alleged to have links to Chinese government intelligence.
The company is expected to make a statement to that effect in the coming days.
Jensen Huang is out. The former CEO of Nvidia resigned after a rapid succession of damning news reports revealed multiple affairs, including one with a woman that US intelligence says is a Chinese spy and others with employees. The scandal is unequivocally damaging for Huang. And, at least in the short term, destabilizing for Nvidia, and detrimental to the AI trade.
The debacle highlights Nvidia's unbelievably high level of unmitigated key-person risk, which has caused an unmitigated disaster. Nvidia's leadership structure had little precedent, with 60 employees reporting directly to Huang. He never created a succession plan. And the company failed to develop a bench of public-facing managers that could quickly step into the top role.
The key-person risk extended to the entire AI trade. Huang was everywhere, seemingly, stumping for US tech dominance and an architect for an ecosystem of AI capital and hardware. If Nvidia was the "central bank of AI," Huang was the chair.
As chief economic adviser at Allianz, Mohamed El-Erian, wrote on X the night before Huang resigned, "This is no ordinary CEO. This is no ordinary company. This is no ordinary sector. This is no ordinary time." El-Erian said it's hard to see the fallout being contained to just one company. Read more.
Nvidia (NVDA) has shed a whopping $490 billion in market value after former CEO Jensen Huang's affair scandals shocked the tech world and beyond.
The company closed out the trading week last Friday with a market cap of $4.498 trillion. That plunged to $4.005 trillion at the end of trading Thursday. Apple's market cap stands at $5.16 trillion.
Go deeper with AlphaSpace 160.81 -5.38 (-3.24%) As of 12:20:18 PM EST. Market Open. Nvidia was valued at as much as $5.75 trillion as recently as Oct. 5. But a rout in the AI trade and Huang's reported affairs have sent the company's valuation plummeting by roughly $1.75 trillion. Read more.
The alleged Chinese spy at the center of the Nvidia (NVDA) affair scandal is also reportedly being probed over whether organizations linked to her were involved in an effort to smuggle Super Micro (SMCI) products.
According to Bloomberg, the US Attorney's Office out of Manhattan is looking into the matter.
The Department of Justice is already investigating a chip-smuggling campaign related to Huang and her former company, the Singapore-based Megaspeed.
Huang is the woman who allegedly had an affair with former Nvidia CEO Jensen Huang. She is also suspected of spying for the Chinese government.
Jensen Huang has admitted to having an affair, but did not name the woman. He also allegedly had a separate affair with an Nvidia employee. Huang resigned as CEO Thursday.
Super Micro produces servers using Nvidia processors that power AI models and applications. Read more.
Alleged spy and Jensen Huang paramour has ties to Chinese firm and major Nvidia competitor Huawei, CNBC reports:
Alleged Chinese spy Alice Huang may have simultaneously owned stakes in businesses in China that benefited Nvidia's biggest competitor in China, Huawei, while she was in business with Nvidia and also reportedly having a romantic affair with its ousted CEO Jensen Huang.
The connection between Alice Huang and Huawei was first discovered by analysts at private intelligence firm Tesari. The firm exclusively shared its findings with CNBC. Tesari provides intelligence research to private companies and the U.S. government.
This previously unreported entanglement was first uncovered by the research firm which uses artificial intelligence to collect evidence and specializes in national security investigations around the world.
Despite Nvidia's CEO scandal, the AI chip giant has confirmed it will report its quarterly results next Tuesday, Nov. 17, after the close of trading.
CFO Colette Kress, who will be filling in as interim CEO, is expected to speak on the call. Wall Street will be paying close attention to comments regarding China, on which major scrutiny lies following revelations of Jensen Huang's affair with a woman believed by the US intelligence service to be a Chinese spy.
Earlier this week, The Information reported that the relationship between MegaSpeed executive Alice Huang and Jensen Huang may have facilitated at least $7.5 billion in Nvidia AI chip shipments to China since 2023. On Thursday, Semafor reported that multiple DOJ investigations, including one into MegaSpeed and another into Super Micro, could place further scrutiny on Nvidia.
The AI chip giant has said its access to China's lucrative AI chip market has been severely restricted by US export controls. During its last earnings call, then Kress said shipments of H200 chips to Chinese customers accounted for less than 1% of data center revenue in the second quarter, while the company excluded China data center compute sales from its third-quarter outlook.
With Jensen Huang out as CEO at Nvidia (NVDA) and CFO Colette Kress taking on the role of interim CEO, Wall Street, the company's partners, and its customers are waiting to find out who the next permanent CEO will be.
There are a number of candidates inside and outside of the company who could fill the position. But prediction markets Kalshi and Polymarket have zeroed in on Nvidia VP of hyperscale and high-performance computing Ian Buck as the company's next leader.
Both sites rank the odds of Buck taking over at roughly 40%.
Buck has worked at Nvidia for the last 22 years, rising from a systems engineer to his current role as the head of the company's biggest businesses.
The executive also has the kind of engineering chops that Nvidia's board may find compelling for the CEO role. Read more.
Nvidia (NVDA) stock went into free fall Thursday as CEO Jensen Huang stepped down, and retail investors were there to catch it. The question now is whether they bought the bottom or just the first leg down.
Huang resigned as Nvidia's CEO after reports of two affairs, and CFO Colette Kress is stepping in as interim CEO. The stock fell as much as 14% at the open to its lowest level since June 2025, then clawed back more than half of that drop. Nvidia reports earnings Tuesday with no permanent CEO in sight.
Small investors bought a net $111 million of Nvidia stock in the first 30 minutes of trading. According to Vanda Research, that was the stock's biggest opening on record and more than 40 times a normal start. Nvidia has soaked up 61% of all retail buying in US stocks and ETFs this week. Money also poured into leveraged funds betting on Nvidia gains, while funds betting against it drew nothing.
"This is very much a one-way flow story for retail," Vanda wrote.
Mike Zaccardi, a CFA and CMT, called it "one of the more epic 'buy the news' events in history" on X. Read more.
Passersby place flowers and candles outside of Nvidia's headquarters in Santa Clara, Calif., following the ouster of CEO and co-founder Jensen Huang.
Reuters is reporting that Jensen Huang had a third affair with a second Nvidia (NVDA) employee, according to two sources.
The report did not name the woman or her role at the company, and Reuters said it was unable to reach her for comment. Nvidia also declined to comment.
This latest revelation follows allegations that Huang had an affair with Alice Huang, a Megaspeed executive who is believed to be a Chinese intelligence asset, and Kimberly Powell, an Nvidia executive who reported directly to Huang.
The Trump administration is reportedly considering firing Commerce Secretary Howard Lutnick amid reports that Lutnick received a classified memo warning him about Nvidia CEO Jensen Huang's relationship with alleged Chinese spy Alice Huang.
Scrutiny of AI chip giant Nvidia could widen amid multiple US Justice Department investigations that could ensnare the company, according to a report from Semafor.
One of the probes is focused directly on Nvidia and examines potential antitrust violations, according to two administration officials cited by Semafor. Two other investigations involve Singapore-based tech company Megaspeed and AI server maker Super Micro Computer (SMCI).
The latest scrutiny comes after Nvidia CEO Jensen Huang resigned on Thursday following reports of two affairs. One of them was with Alice Huang, an alleged Chinese spy and former executive at Megaspeed, a Singapore-based AI infrastructure procurement company. Renewed scrutiny of the company has followed revelations about the relationship.
Separately, Super Micro has also faced scrutiny over the alleged diversion of AI servers containing Nvidia chips to China.
Last month, Reuters reported that a contractor linked to the company pleaded guilty to charges related to the illegal export of servers containing advanced Nvidia chips to China. Super Micro itself was not charged in that case. On Thursday, shares of the server maker packed with Nvidia chips plunged 12%.
