Nvidia co-founder Jensen Huang has stepped down as chief executive after reports of extramarital relationships raised national security concerns. The company named long-serving CFO Colette Kress as interim CEO and said its board has appointed Harvey C. Jones as chair while an internal review continues.
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Updated 16 November 2026 at 9:45 am. Prices are delayed and for information only.
Nvidia has launched a board investigation into whether chief executive Jensen Huang was targeted by foreign intelligence, after reports he had a close relationship with a Chinese businesswoman US officials suspect passed information to Beijing. The moves coincided with a drop in Nvidia shares to a seven-month low, erasing hundreds of billions from the company’s market value.
NextDC chief executive Craig Scroggie apologised to residents and customers as the data centre operator recommits to finding a power solution for its proposed expansion of the M3 site in West Footscray. The pause on 15-metre power poles has delayed the project, wiped hundreds of millions from earnings forecasts and pressured the company’s share price.
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