Jensen Huang has resigned as president and chief executive of Nvidia and as a member of its board, effective immediately, the chipmaker announced on Thursday, 12 November 2026. Huang co-founded the company in 1993 and led it for more than three decades, turning a maker of graphics cards into the world's leading supplier of chips for artificial intelligence.
- Interim CEO: Colette Kress, executive vice president and chief financial officer, will run the company while keeping her finance role until a permanent successor is named.
- Board: Harvey C. Jones, a former chief executive of Synopsys, becomes the company's first-ever Chair of the Board.
- Search: the board has started looking for a permanent CEO and will consider internal and external candidates. No timeline was given.
- Earnings: third-quarter results for fiscal 2027 are still due on Tuesday, 17 November.
"The Board has full confidence in Colette and the leadership team," Jones said in the company statement. Kress said: "Our focus remains on serving our customers, partners, developers and shareholders."
The announcement came after several days of media reports and inquiries concerning Huang, which the company statement did not go into. Nvidia shares fell by more than 10% in early trading in New York, and the company's market value dropped below 4 trillion dollars, according to CNBC.
Source: Nvidia statement filed with the US Securities and Exchange Commission, CNBC, NPR
