Nvidia CEO Jensen Huang Resigns; AMD Stock Rises 5%
Nvidia CEO Jensen Huang has resigned following a scandal and board investigation, causing competitor AMD's stock to jump 5% as markets reassess AI chip leadership.
U.S. semiconductor giant Nvidia announced on November 12, 2026, that its Chief Executive Officer Jensen Huang has resigned. The news was reported by Business Insider, which cited an extramarital affair scandal and a board investigation into concerns that Huang may have been the subject of a foreign intelligence effort.
Huang's departure sends shockwaves through the AI chip industry. As Nvidia's co-founder and long-time leader, his sudden exit creates a significant power vacuum. According to reports, some industry observers have floated AMD CEO Lisa Su as a possible outside candidate for the role, although this remains speculative.
Market reaction was swift and clear. On the day Nvidia announced Huang's resignation, shares of its main competitor, Advanced Micro Devices (AMD), rose by 5%. Investors appear to view the uncertainty surrounding Nvidia's leadership as an opportunity for AMD to expand its market share.
Su and Huang are not only business rivals but also cousins. Since becoming AMD's CEO in 2014, Su has successfully transformed the company from the brink of collapse into a key player in global high-performance computing. This personnel change complicates the competitive landscape between the two firms, particularly as Nvidia faces a governance crisis while AMD maintains relative stability.