Welcome to today’s daily update for Friday, November 13, 2026. Here’s everything you need to know.
The Breakdown
Nvidia CEO Jensen Huang has resigned amid allegations of a second extramarital affair with an executive within the company, sparking mixed reactions across the board.
Several days ago, Huang confirmed that he had an affair with Alice Huang, a businesswoman from Singapore that intelligence agencies suspect to be a Chinese spy. Her company, Megaspeed, has bought billions of dollars worth of Nvidia chips, but they are under investigation for smuggling these chips to China.
The scandal sent Nvidia’s stock tumbling, but the board asserted that he would continue to lead the company during this tumultuous time. Furthermore, Huang confirmed that he would cooperate with any investigations, and US President Donald Trump lauded Huang for being a great tech leader and encouraged him to continue forward.
However, just days later, news of a second affair surfaced. According to employee statements to the New York Times, Huang also had an affair with Kimberly Powell, Nvidia’s vice president of healthcare. As an employee of Nvidia, Huang’s relationship with her has a major conflict-of-interest, prompting the board to immediately begin looking for a new CEO – Huang resigned yesterday.
News of his resignation sent Nvidia’s stock, now down over 13% in the last five days, plummeting further. Soon after the announcement, Reuters reported a third extramarital affair with another Nvidia employee who remains unnamed. Public sentiment around Huang quickly shifted, though President Trump has continued to praise Huang and insist that he must continue leading the company despite the developments.
Nevertheless, Nvidia’s board has chosen Colette Kress, the company’s chief financial officer (CFO), to be their interim CEO as they search for a permanent replacement for Huang. Whether Huang will completely depart the company, though, is unknown. As its founder and longtime CEO, some have suggested that Huang may return with a place on the board or another, less public position, while others argue that he is likely to leave the corporation completely.
Many investors are now reconsidering whether to buy Nvidia amid the scandal. Some see the current drop as a quick dip in an incredible future for the AI giant, which controls between 70% and 90% of the market share for graphics processing units, or GPUs. Others believe Huang’s crucial ties with chip and minerals exporters in China and Taiwan cannot possibly be replaced, prompting some investors to lower their target prices for the stock.
Furthermore, there is another impact to consider as part of this situation. Ahead of this week, Jensen Huang had a net worth of $162 billion, which is shared by him and his wife, Lori. This financial arrangement has raised questions over a possible divorce – with three extramarital affairs, Lori may very well choose to leave Huang. She has not taken any action that suggests the sort, but it is on the minds of many. Usually, the state of California equally splits assets acquired during the marriage, meaning that, if she were to divorce, Lori would likely receive between $70 and $80 billion from the resulting decision.
The Global Snapshot
Indonesia’s vice president, Gibran Rakabuming Raka, has resigned after investigations into his academic credentials and whether he was fit for the position. Indonesian President Prabowo Subianto praised the leader for stepping down with “courage, responsibility, and statesmanship,” as well as comments on Raka’s value to his administration and the help he has provided over the years. The investigations that forced his departure had looked into the submission he made after earning his high school diploma abroad, but courts quickly became suspicious of whether he had actually earned these credentials. Now, within the next 60 days, the president will need to nominate two possible candidates, with the People’s Consultative Assembly – Indonesia’s national legislative body – then electing one of the two.
One person was killed and at least four others were injured after a shooting in Washington D.C. yesterday in the neighborhood of Logan Circle. The shooter has been confirmed to be Dr. Matt Lambert, a local doctor and healthcare consultant. Lambert entered the VIDA Fitness gym, where he fatally shot the owner of his condominium complex, before heading up to his apartment and firing shots off of his balcony with a rifle. Once police arrived, he barricaded himself in his room and proceeded to set fire to the apartment before committing suicide via a self-inflicted gunshot. Authorities are currently investigating whether the weapons were legally obtained and whether Lambert had any pre-existing mental health issues that may have contributed to the incident.
Fact of the Day (The Fact Site): McDonald’s sells an estimated 9 million pounds of French fries every day and around 3.29 billion pounds each year.
Quote of the Day (Gracious Quotes): Men are disturbed not by things, but by the views which they take of things. (Epictetus)
Word of the Day (Merriam-Webster): Gauntlet (noun, GAWNT-lut) - Gauntlet originally referred to a double file of men facing each other and armed with clubs or other weapons with which to strike at an individual made to run between them. It later gained an expanded sense referring to a line, series, or assemblage of people or things that poses some sort of ordeal, as in “faced a gauntlet of opponents to get to the championship.”
In a Sentence: Salmon returning to their spawning grounds must make it past a gauntlet of predators, from eagles to otters to bears.
Image: Anders Eidesvik / CC BY-SA 4.0
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