Jensen Huang resigns as the chief executive of Nvidia, ending a 33-year run at the company he co-founded and built into the most important chipmaker of the AI era. Nvidia's board said Huang has stepped down as President, CEO and board member with immediate effect, according to the company's official announcement on November 12, 2026.
Chief Financial Officer Colette Kress has been named interim CEO while the board looks for a permanent replacement.
Jensen Huang resignation: key points
- Announced: November 12, 2026, effective immediately
- Interim CEO: Colette Kress, CFO since 2013
- New board chair: Harvey C. Jones, former Synopsys CEO Nvidia's first-ever chair
- Share price: Fell more than 4% on Thursday
- Next big date: Quarterly results on November 17
Why did Jensen Huang resign?
Huang stepped down after several days of intense scrutiny over his personal relationships. According to Al Jazeera, reports linked him to a relationship with a suspected Chinese spy, which triggered investigations by the FBI, the US Congress and the company itself. Nvidia is also facing a shareholder class-action lawsuit.
The pressure grew further when reports said Huang had also had a relationship with an executive who reported directly to him, as per PBS NewsHour. Nvidia had first said Huang would stay on during its internal investigation, but the board met on Wednesday night and his exit was announced the next day.
These are allegations reported by the media. Nvidia has not publicly shared the findings of its investigation.
Who is Colette Kress?
Colette Kress joined Nvidia in September 2013 and has served as Executive Vice President and Chief Financial Officer since then. She has been one of the key faces of the company before investors during its huge AI-driven growth. In the company's statement, Kress said she is committed to building on the foundation Huang created.
The board has said it will look at both internal and external candidates for the permanent CEO role.
What happens to Nvidia now?
Nvidia shares fell more than 4% by the close on Thursday, and the company's market value slipped below $4 trillion. Huang owns about 3.61% of Nvidia and is its fourth-largest shareholder, as per Calcalist.
All eyes are now on November 17, when Nvidia reports its third-quarter results. It will be Kress's first big test as interim CEO, and investors will want to know if the leadership change affects demand for its AI chips.
Why it matters for India
Nvidia's chips power most of the world's AI systems, including many used by Indian startups, IT companies and research labs. Any slowdown or confusion at Nvidia could affect the cost and supply of AI computing power around the world. For India's growing AI and data-centre plans, stability at Nvidia is important.
The news also shows how quickly a leadership crisis can hit even the world's most valuable tech firms. Read more tech coverage on EEST TV, including how Razorpay is working with OpenAI on ChatGPT ads for Indian brands, and today's report on the global Microsoft 365 outage.
FAQ
Q1. Has Jensen Huang resigned from Nvidia?
Yes. He resigned as President, CEO and board member on November 12, 2026.
Q2. Who is the new CEO of Nvidia?
CFO Colette Kress is the interim CEO. A permanent CEO has not been named.
Q3. Why did Jensen Huang step down?
He resigned after media reports about his personal relationships, including one with an alleged Chinese spy, which led to investigations.
Q4. What happened to Nvidia shares?
They fell more than 4% on Thursday, and the market value dropped below $4 trillion.
Q5. When will Nvidia announce its results?
On November 17, 2026.
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