Key facts
- Nvidia announced that cofounder and chief executive Jensen Huang had resigned, the company said.
- Huang had admitted to an affair four days before the resignation announcement, according to the report.
- The New York Times reported a second affair with an Nvidia executive who reports to Huang, according to the report.
- Nvidia's filings flagged that the company was highly dependent on a small executive team, according to the report.
- Huang had 60 direct reports and no direct successor, according to the report.
- Nvidia reached a market capitalization of $5.8 trillion earlier in fall 2026, according to the report.
Nvidia announced on November 12, 2026 that cofounder and chief executive Jensen Huang had resigned, four days after he admitted to an affair and hours after The New York Times reported a second affair with an Nvidia executive who reports to him. Reuters later reported that Huang had had an affair with a second employee.
The report, published by Business Insider on November 15, 2026, said Huang's departure tests the reliance of American business and markets on prominent founders. Nvidia's own filings had flagged that the company was highly dependent on a small executive team, and Huang had 60 direct reports and no direct successor, according to the report. Nvidia reached a market capitalization of $5.8 trillion earlier in fall 2026 and controls some 90% of the market for chips essential to building AI data centers, the report said.
The report also described the public following around Huang, including a signed jacket that sold at Sotheby's in July for $960,000. It said Huang's wife and daughter dress him and that he has said so.