He agreed to testify, a second (and maybe third) relationship came out, and Nvidia lost huge value. Here is everything that happened since he quit, and what comes next.
Two days after Jensen Huang resigned as Nvidia's CEO, the story is still moving fast. The man who built Nvidia has agreed to answer questions from the US Congress. New reports say he had more than one secret relationship. And Nvidia must now show investors its numbers without him, on Tuesday, November 17.
If you missed the start, read our first report: Jensen Huang Resigns as Nvidia CEO After 33 Years. Below are all the new updates, in simple words.
💔 New reports: a second relationship with an Nvidia executive, and a report of a third
👩💼 Who runs Nvidia now: CFO Colette Kress, as interim CEO
📉 Stock: closed at $166.19 on Thursday, down more than 30% from its October peak
📅 Next big day: Nvidia's results on Tuesday, November 17
🏛️ Huang agreed to face Congress
The biggest new update: Huang has agreed to testify before Congress. House Foreign Affairs Chairman Brian Mast told reporters on Thursday that Huang said yes on Wednesday night, after top lawmakers threatened to force him with a subpoena.
The session is expected before Thanksgiving (November 26). It will be behind closed doors, but Mast said he expects it to be filmed and written down. Three House panels will take part: Foreign Affairs, the China committee and the Intelligence committee.
Mast said he and Huang have been "very at odds" over chip export rules, but that Nvidia is "a very important company" for America. He added that Huang has "very serious questions to answer."
🏦 The Senate wants him too
It's not only the House. Senate Banking Committee Chair Tim Scott asked both Huang and Commerce Secretary Howard Lutnick to testify, at separate hearings. Reports say Scott asked Huang to appear on December 3, and that Lutnick will appear voluntarily on December 10.
Senate Democratic leader Chuck Schumer also said Huang's resignation does not mean he and Nvidia can skip answering to Congress.
💔 A second relationship — and maybe a third
On Wednesday, the New York Times reported that Huang had a relationship with Kimberly Powell, 48, Nvidia's vice president of healthcare, who reported directly to him. The paper cited five people who worked at the company. Both are married to other people.
The Times said the two were seen being affectionate at a hotel in San Jose during Nvidia's big GTC conference in March. Someone filmed it, and Huang's security team had that person sign a non-disclosure agreement. When the Times called Huang, he said they should not contact him directly and hung up. Nvidia, Huang and Powell have not confirmed the report.
Then, hours after Huang resigned, Reuters reported that he had an intimate relationship with another Nvidia employee. That would be the third alleged relationship. Nvidia has not commented on it.
👩💼 Who is running Nvidia now?
| Role | Who |
|---|---|
| Interim CEO (and still CFO) | Colette Kress, at Nvidia since 2013 |
| First-ever Board Chair | Harvey C. Jones, former CEO of Synopsys |
| Permanent CEO | Not chosen yet — the board will look inside and outside Nvidia |
| Jensen Huang | Left as CEO, president and board member; a spokesperson said he will not work with Nvidia in any role |
Jones said the board has "full confidence" in Kress and her team, and that the business and product plans will continue without interruption.
📉 What happened to the stock
On Thursday, the day Huang quit, Nvidia shares fell as much as 13–14% at the open, then recovered part of the loss. The stock closed down 4.34% at $166.19. It is now down more than 30% from its early-October peak.
Bernstein cut its price target for Nvidia in half, from $400 to $200. Rival AMD went the other way: CNBC said AMD shares were up nearly 17% since Monday. CNN put Nvidia's total loss in market value at about $1.76 trillion during the scandal.
🇺🇸 What Trump said
The New York Times reported that President Trump called Huang on Tuesday and urged him to fight to keep his job. After the resignation, Trump called the whole saga a "horrible thing" and said it was "so sad to see."
📅 What to watch next
| Date | Event |
|---|---|
| Tue, Nov. 17 | Nvidia's third-quarter results (around 1:20 p.m. Pacific), then the earnings call at 2 p.m. Pacific — the first one led by Kress as interim CEO |
| Before Nov. 26 | Huang's closed-door testimony to the House, according to Rep. Mast (date not final) |
| Dec. 3 | Date the Senate Banking chair asked Huang to appear |
| Dec. 10 | Commerce Secretary Lutnick's reported Senate appearance |
❓ FAQ
Did Jensen Huang agree to testify before Congress?
Yes. Rep. Brian Mast said Huang agreed on Wednesday night to testify behind closed doors, expected before Thanksgiving. The exact date is not final.
Who is Kimberly Powell?
She is Nvidia's vice president of healthcare. The New York Times reported she had a relationship with Huang while reporting directly to him. Nvidia, Huang and Powell have not confirmed it.
Who is the new CEO of Nvidia?
CFO Colette Kress is interim CEO. The board is searching for a permanent CEO and will look at people inside and outside the company.
When does Nvidia report earnings?
Tuesday, November 17, 2026. The call starts at 2 p.m. Pacific time (5 p.m. Eastern).
Is Jensen Huang still working at Nvidia?
No. He left as CEO, president and board member, and an Nvidia spokesperson said he will not work with the company in any capacity.
