Nvidia CEO Jensen Huang Reportedly Resigns Amid Alleged Affair Controversy as Bearish Wave Sweeps Crypto Market
Opinion
This article is written by Mariam Dar.
(November 13, 2026): Nvidia is reportedly facing a major leadership shake-up after claims emerged that its co-founder and Chief Executive Officer, Jensen Huang, stepped down from his position on November 12, 2026.
Direct from Nvidia newsroom BBC, Al-Jazeera and New York Times Huang's reported departure followed disclosures concerning alleged extramarital relationships, raising questions about corporate governance and leadership at one of the world's most influential technology companies.
Suspected Drone Activity Triggers Security Alert at US Air Base in UK
Indian Punjab CM Keen to Visit Lahore, Modi Government’s Political Clearance Becomes Major Hurdle
Court Issues Bailable Warrants for Mahmood Bhatti
For more such Opinions & Blogs, click here.
The claims allege that Huang admitted to an affair with Alice Huang, an executive at data company Megaspeed, who was reportedly under scrutiny by US intelligence agencies over suspected links to Chinese intelligence.
A second alleged relationship involving Nvidia senior executive Kimberly Powell has also been mentioned.
According to the circulating report, Nvidia Chief Financial Officer Colette Kress has been appointed interim CEO while the company's board begins searching for a permanent successor.
Harvey C. Jones has reportedly been appointed as the company's first independent chairman of the board, marking another significant development in the alleged leadership transition.
The reported controversy comes amid growing congressional scrutiny of Nvidia's role in the global artificial intelligence industry.
US lawmakers have reportedly summoned Jensen Huang and Commerce Secretary Howard Lutnick to testify before Congress on national security concerns and export restrictions involving advanced AI chips.
India Extends Ban on Zakir Naik’s Islamic Research Foundation for Five More Years
Iran Rejects Nuclear Talks Through Qatar, Trump Says US No Longer Needs Deal
Nvidia, Jensen Huang and Crypto
The issue has attracted particular attention because Nvidia's advanced processors play a critical role in the global AI race, including competition between the United States and China.
The reported leadership developments have also been linked to volatility in Nvidia shares, with investors concerned about the potential consequences of uncertainty surrounding the company's management.
Given Nvidia's central position in the global semiconductor industry, any major leadership disruption could have wider implications for technology markets and the AI sector.
The reported Nvidia leadership crisis has also been linked to a sell-off across cryptocurrency markets. Bitcoin dropped below $72,000, reaching a 12-week low of approximately $71,200 on Thursday before sliding towards $68,650 on Friday.
Ethereum briefly fell below $2,000, while Solana and XRP each lost more than 3.5%.
The reported controversy comes amid growing congressional scrutiny of Nvidia's role in the global artificial intelligence industry.
More than $750 million in leveraged crypto positions were reportedly liquidated within 24 hours, including over $634 million in long positions. The total cryptocurrency market capitalization declined approximately 2.7% to $2.38 trillion.
Pakistan Prepares to Welcome 4,000 Indian Sikh Pilgrims for Guru Nanak’s 557th Prakash Purab
USD 2.4 Billion Off the Radar: Why Pakistan Must Overhaul Airlines Payment Gateways Now
The bearish pressure hit the cryptocurrency market hard, triggering a sudden sell-off across major digital assets. Bitcoin plunged below $72,000, while Ethereum slipped under the $2,000 mark. Solana and XRP also recorded sharp losses, reflecting widespread selling pressure.
The sudden decline wiped billions of dollars off the total crypto market value and triggered more than $750 million in liquidations within 24 hours, with leveraged long positions bearing the biggest losses.
The sharp fall suggests that bearish sentiment has spread across the market, leaving investors increasingly cautious and raising concerns about further downside.
For more such Opinions & Blogs, click here.
Pakistan Prepares to Welcome 4,000 Indian Sikh Pilgrims for Guru Nanak’s 557th Prakash Purab
Russian Ambassador to US Alexander Darchiev Dies Suddenly at 66
Renowned Urdu Writer, Poet and Humorist Prof. Mashkoor Hussain Yaad Dies at 92
Veteran Media Professional Abid Abdullah Passes Away
Rahmat Shah becomes first Afghanistan cricketer to break into ICC Test top 10
Punjab Government Appoints Malik Salman Aslam as Prosecutor in Punjab Narcotics Force
Ramon Airport Evacuated, Flights Suspended After 4.5-Magnitude Earthquake Near Eilat, Israel
This article is written by Mariam Dar.
Stay tuned to Baaghi TV for more. Download our app for the latest news, updates & uncensored content!
Further Reads
