NVIDIA's board of directors announced on November 12, 2026, that Jensen Huang has resigned as president, CEO, and board member, effective immediately. The resignation ends 33 years of leadership by the co-founder of the company that became the center of the AI accelerator industry.
What NVIDIA confirmed
According to the official NVIDIA Newsroom statement, Colette Kress, current executive vice president and CFO, has been appointed interim CEO. She will continue as CFO while leading the company until a permanent successor is named. The board will search considering both internal and external candidates.
Harvey C. Jones, an entrepreneur, technology executive, and investor with over 30 years of experience, including as CEO and executive chairman of Synopsys, was named the company's first-ever board chair. Jones has served on the board since 1993, the year NVIDIA was founded.
“NVIDIA’s strength has always come from its people, and together with our leadership team, I am committed to building on the extraordinary foundation Jensen created over the last 33 years,” said Colette Kress in the statement. The company reaffirmed that third-quarter fiscal 2027 results will be reported on November 17 as previously scheduled.
Context of the events
The resignation comes amid reports from outlets such as The New York Times and The Wall Street Journal regarding internal investigations related to Huang's personal relationships. NVIDIA's official statement does not detail the reasons for the departure, limiting itself to thanking Huang for his contributions to the company and the industry. NVIDIA shares recorded a significant drop at the start of trading on November 12, according to Reuters and other outlets.
Why this matters
Huang was the public face of NVIDIA during the explosion in demand for GPUs for AI training and inference. The transition occurs as the company dominates the high-performance accelerator market, with competitors such as AMD and Chinese players seeking space. Continuity under Kress, who has overseen NVIDIA's finances since 2013, is presented by the board as a guarantee of stability in the product roadmap and customer commitments.
Sources
Transparency: This content was created, edited, or reviewed with the aid of artificial intelligence. Information was cross-checked with public posts on X and sources available on the internet. Consult the original sources to verify the full context.
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