Chip making giant NVIDIA Chief Executive Officer (CEO) Jensen Huang resigned from the post and as member of board on Thursday, days after his “affair scandal” with an alleged Chinese asset came to light, causing great uproar in the tech industry.

In a statement on Thursday evening, the company said Colette Kress, current Executive VP and Chief Financial Officer of NVIDIA, will serve as interim CEO until the board names a permanent successor.

“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,” read a statement from NVIDIA.

The company also informed that the Board has initiated a search for a permanent CEO and will consider internal and external candidates.
Jensen’s resignation comes after the New York Times reported about his alleged extra-marital affair with Alice Huang, a Chinese executive of a Singaporean company, who was allegedly recruited by the China’s Ministry of State Security to serve as a “spy.”

Jensen had apologized to the NVIDIA staff in an internal email and following the incident, the NVIDIA shares stumbled by 20% on Thursday.

Meanwhile, tech mogul Elon Musk said that it will be “an honour” to hire Jensen after an X user requested him to do so. Musk has also supported claims that Jensen’s ouster should be on hold before the board conducts its full investigation into the alleged honeypot scandal.

@zerohedge That would be an honor

— Elon Musk (@elonmusk) November 12, 2026

Meanwhile, NVIDIA informed that it 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.

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