Nvidia

Semiconductors · AI

Milestone

Jensen Huang resigns as Nvidia CEO, Colette Kress named interim chief

The departure follows a scandal involving an alleged Chinese intelligence contact, and markets erased over $800 billion in value within days.

• Nvidia's board accepted Jensen Huang's resignation as president, CEO and director effective November 11, 2026, and named CFO Colette Kress interim CEO.
• Kress, a 13-year Nvidia veteran who joined as CFO in 2013 after senior finance roles at Cisco and Microsoft, will keep her CFO title while running the company.
• Huang's exit came days after he admitted to a romantic affair with an alleged Chinese spy, sparking a U.S. national security controversy.
• Nvidia shares fell as much as 12% in premarket trading and have dropped up to 19% since the prior Friday, wiping out more than $855 billion in market value.
• The board also named Harvey C. Jones, the former Synopsys CEO, as Nvidia's first-ever independent board chair.
• The sudden loss of Huang, who built Nvidia into the center of the AI computing boom over 33 years, raises fresh uncertainty about succession at one of the world's most valuable companies.