GeopoliticsMediumUpdated•Originally published 12 November 2026•Updated 12 November 2026•
1 min read
Jensen Huang Resigns as Nvidia CEO; Colette Kress Named Interim
Key Facts
1President Trump authorized a crackdown on companies suspected of diverting advanced Nvidia AI chips to China.
2Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick over the failure to flag Nvidia customer Megaspeed for export controls.
Jensen Huang resigned as Nvidia CEO effective immediately following a spy scandal and an alleged personal relationship with an executive at Megaspeed. The company named Colette Kress as interim CEO as the Commerce Department faces mounting pressure to blacklist Megaspeed over its links to Chinese intelligence.
The resignation follows President Trump's authorization of a crackdown on firms suspected of diverting advanced Nvidia AI chips to China. Nvidia closed at $173.73 on November 11, 2026, while peers AMD and INTC closed at $515.21 and $62.5 respectively on the same date.