Jensen Huang steps down as Nvidia chief executive as Colette Kress takes interim role
Jensen Huang, Nvidia's co-founder and long-serving chief executive, has resigned as president, chief executive and board member, effective immediately. Chief financial officer Colette Kress has taken over as interim CEO.
Author: Thames Compass editorial teamPublished: 2 min read
Contents
The American chipmaker Nvidia, the world's largest supplier of chips used for artificial intelligence computing, is losing its best-known leader. According to the company's announcement, the board accepted Jensen Huang's resignation on 11 November 2026. The company did not give reasons for the decision in its announcement.
Who is running the company
Until a permanent chief executive is appointed, Colette Kress, the company's executive vice president and chief financial officer, has taken on the role. She has worked at Nvidia since 2013. Harvey Jones has become chair of the board, the first person to hold that position in the company's history.
Background reports
American media, cited by Polish financial outlets, had reported suspicions that Huang may have been a target of Chinese intelligence, along with reports about his relationship with a woman linked to China. Nvidia has not confirmed these reports in its official announcement or in the filings made with the US securities regulator.
Market reaction
Investors responded by selling the shares. According to CNBC, as reported by money.pl, Nvidia's stock fell by more than 12 per cent shortly after the market opened on Wall Street. The previous day, Wednesday, the share price closed at 173.73 dollars.
What comes next
Nvidia will publish its results for the third quarter of fiscal 2027 on Tuesday 17 November 2026. Its first public appearances under the new leadership, and any appointment of a permanent chief executive, will show how the company plans to run its business in artificial intelligence, where its chips currently play a central role.
Sources
This article was prepared with the help of AI from the listed sources and checked by our editors before publication.
Photos
- Cover: „mother board, electronics, computer, board, components”, author: Magnascan, licence Pixabay Content License; cropped or resized.
- Photo 1: „business, stock, finance, market, financial”, author: AhmadArdity, licence Pixabay Content License; cropped or resized.
Tags
Share with friends
