Who could succeed Jensen Huang at Nvidia?

Nvidia has long lacked a clear succession plan, with chief executive Jensen Huang being almost synonymous with the company. Now that Huang is embroiled in a scandal over an alleged extramarital affair linked to espionage, talk about could take over Nvidia has once again become a focus of market discussion.

Huang’s son, daughter and son-in-law have all joined Nvidia in recent years, and all three now feature among the potential “heirs” being widely discussed by outsiders.

Jensen Huang and his wife Lori Huang have been married for more than 40 years. They have a son, Spencer Huang, and a daughter, Madison Huang. Spencer and Madison have both joined Nvidia in important roles in divisions connected to robotics, a key strategic priority for the company. Yet neither had an early educational or professional background in semiconductors, artificial intelligence (AI) or robotics.

Madison is regarded by outsiders as one of the most likely successors. She also appears in public more frequently and attracts more attention.

Her husband Nico Caprez has also risen rapidly up the ranks since joining Nvidia in 2024, and is likewise seen as a strong contender.

According to tech publication The Information, an unnamed Nvidia employee said, “I think Jensen Huang is indeed preparing Madison Huang and Nico Caprez to take on major responsibilities in the future.”

So far, however, neither Huang nor Nvidia has confirmed any of this speculation about succession.

Madison Huang is currently senior director of product marketing in Nvidia’s physical AI division, and is reportedly wielding growing influence across the company’s businesses.

The Wall Street Journal reported that she devotes most of her time to Nvidia’s Omniverse platform, which is seen as key to helping the company pursue opportunities beyond its hardware business.

Citing people familiar with the matter, The Wall Street Journal said Madison Huang is part of an informal group within Jensen Huang’s executive team known as “The Band”. Its members accompany him on business trips and help him with his speeches.

Before entering the workforce, Madison Huang appeared to have a keen interest in cooking, according to her LinkedIn profile.

Between 2009 and 2015, she earned a bachelor’s degree from The Culinary Institute of America and pursued studies in subjects including baking, wine management and hospitality management at the renowned culinary school Le Cordon Bleu.

Huang then began her career at French luxury group LVMH, where she worked as a marketing and business development manager from 2015 to 2019.

In 2018, she moved from Paris to the UK and took a short course in data science at the London School of Economics and Political Science. In 2019, she attended a short course related to AI at the MIT Sloan School of Management in the US.

Also in 2019, she went to the UK to pursue a Master of Business Administration (MBA) at London Business School.

Huang formally joined Nvidia in 2022, starting as an intern and marketing manager. After joining the Omniverse division, she spent two years as a product marketing manager, before being promoted roughly once a year. By March 2025, she had become senior director of product and technical marketing in Nvidia’s physical AI division.

According to Nvidia’s official website, her team drives marketing programmes, go-to-market strategies and developer enablement for the company’s digitalisation and physical AI businesses.

Physical AI, robotics and embodied intelligence have been among Nvidia’s strategic priorities in recent years, attracting sustained attention and investment. In May this year, the company also announced plans to establish an AI laboratory in Singapore focused on research in this area.

Spencer Huang also works in the key robotics division. He is currently director of product management for Nvidia’s robotics business, overseeing product strategy in areas including robotics, physical AI and agentic systems.

His most prominent previous role was as co-founder and operator of R&D Cocktail Lab, a well-known cocktail bar in Taipei’s Xinyi district, which he ran with friends between 2013 and 2021. The bar earned a place on the Asia’s 50 Best Bars list. According to reviews on Google Maps, R&D Cocktail Lab has closed permanently, prompting many customers to express regret in reviews and on social media.

Before his stint as a bar owner, he also spent four months as an intern in Nvidia’s marketing department in 2010. Like his sister, Huang had no professional experience in technology. In 2019, he too took short courses at the Massachusetts Institute of Technology, studying areas including AI and its business applications, and human-computer interaction.

Between 2020 and 2022, he pursued business management-related courses at Harvard Business School and the NYU Stern School of Business, earning a master’s degree from New York University.

Huang also formally joined Nvidia in 2022. He initially worked as a product manager for more than a year, before being promoted roughly every year and a half. In March 2026, he became director of product management in the robotics division.

According to The Wall Street Journal, Spencer Huang has a gentler manner at work than Madison Huang, who is more forceful and decisive.

Nvidia documents show that Spencer Huang’s total compensation in the 2026 financial year was US$1.3 million, while Madison Huang’s was US$1.2 million.

Madison Huang’s husband, Nico Caprez, has also come to be seen by outsiders as a potential successor.

Caprez, a former Swiss alpine skier, reportedly met Madison Huang while they were attending business school in London, around 2021.

According to his LinkedIn profile, Caprez began his career at Boston Consulting Group, where he worked for three years.

He then joined a Zurich-based alternative asset management and hedge fund firm as an investment analyst. He left after more than two years and joined Nvidia in February 2024.

Caprez started out as a corporate development manager and rose rapidly. By January 2026, he had become vice-president of global AI infrastructure growth.

Caprez holds a bachelor’s degree in banking and finance from the University of Zurich, as well as MBA degrees from London Business School and China Europe International Business School (CEIBS).

According to Fortune magazine, Caprez was involved in an Nvidia financing deal in August this year, working with asset management giants including Apollo Global Management, Blackstone and BlackRock to raise US$500 billion to help data centres obtain the Nvidia chips they need.

Jensen Huang and his wife Lori met at Oregon State University, where both were studying for engineering degrees, and married five years later.

In an interview at the Hong Kong University of Science and Technology, Huang said he was the youngest student in a class of 250 with only three women, including Lori.

Recalling how their relationship began, Huang said, “I walked up to her and asked, ‘Would you like to see my homework?’”

He added: “If you do homework with me every Sunday, I promise you’ll get straight As.”

Reports have said that both of them worked in chip design in Silicon Valley after graduating, and that at one point she earned more than he did. After they had two children, Lori Huang left her job to care for the family full-time.

Today, her public work centres on philanthropy, primarily through the Jen-Hsun and Lori Huang Foundation, which she co-founded with her husband in 2007.

Beyond that, public records show little involvement by Lori Huang in Nvidia’s day-to-day affairs or business operations. She mostly accompanies Jensen Huang to major events.

In September this year, for example, they attended the US state banquet during Chinese President Xi Jinping’s visit, sitting at the main table with US President Donald Trump.