Jensen Huang Resigns as CEO; CFO Colette Kress Takes Over on Interim Basis
NVDA is trading near its 52-week low of $164.27 (4.7% below the low) on elevated volume (2.6× avg).
Summary
Jen-Hsun Huang is out as President, CEO and board member, effective immediately, after the board accepted his resignation on November 11, 2026, ending a 33-year run at the company he built into the center of the AI buildout. CFO Colette Kress steps in as Interim CEO, continuing as Executive Vice President and Chief Financial Officer while serving in the interim role until a permanent successor has been named, and the board is initiating a search for a permanent CEO that will consider both internal and external candidates. The board also named Harvey C. Jones, a director since 1993 and former Synopsys CEO and Executive Chairman, as its first-ever Chair of the Board. This formalizes what Reuters reported on Nov. 11 — that the board was preparing to remove Huang over two extramarital affairs, one with a suspected Chinese spy — so the governance overhang is now a confirmed leadership vacuum rather than a rumor; Singapore has barred Alice Huang from re-entry following an investigation. The board says operations, customer commitments and the product roadmap continue without interruption, and third-quarter fiscal 2027 results are still set for Tuesday, November 17, at approximately 1:20 p.m. PT, followed by an earnings call at 2 p.m. PT. The stock is down 10% and already trading near its 52-week low, and a permanent CEO search at a company this size leaves strategy and key customer relationships in limbo until a successor is named.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — NVIDIA's board appointed Harvey C. Jones, a director since 1993 and former Synopsys CEO, as its first-ever Chair of the Board.
- Interim Leadership — Kress will continue as Executive Vice President and Chief Financial Officer while serving as Interim CEO until a permanent successor has been named.
- Huang Resignation — On November 11, 2026, the Board accepted Jen-Hsun Huang's resignation as President, Chief Executive Officer and member of the Board, effective immediately.
- CEO Search — The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates.
- Q3 FY27 Results — Third-quarter fiscal 2027 financial results will be reported on Tuesday, November 17, at approximately 1:20 p.m. PT, followed by an earnings call at 2 p.m. PT.
All 4 details
- Kress will continue as Executive Vice President and Chief Financial Officer while serving as Interim CEO until a permanent successor has been named.
- NVIDIA will report third-quarter fiscal 2027 financial results on Tuesday, November 17, at approximately 1:20 p.m. PT, followed by its earnings call at 2 p.m. PT.
- On November 11, 2026, the Board accepted Jen-Hsun Huang's resignation as NVIDIA's President, Chief Executive Officer and member of the Board, effective immediately.
- The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates.
At the time of this announcement, NVDA was trading at $156.57 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.2T. The 52-week trading range was $164.27 to $243.37. This news item was assessed with negative market sentiment and an importance score of 10 out of 10. Source: GlobeNewswire.