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TL;DR
Nvidia said Jensen Huang resigned as CEO, president and a director, effective immediately, and named CFO Colette Kress interim CEO. Shares fell 11.67% to $153.45 in premarket trading at 9:13 a.m. Eastern on Nov. 12, 2026; the company gave no reason for Huang’s departure.
Nvidia said Thursday that Jensen Huang resigned as president, chief executive and a member of its board, effective immediately, ending his 33-year tenure as the company’s leader. The chipmaker named CFO Colette Kress interim CEO while the board searches for a permanent successor; Nvidia shares were down 11.67% at $153.45 in premarket trading at 9:13 a.m. Eastern, according to Nasdaq.
Nvidia’s board said it accepted Huang’s resignation on Nov. 11, according to a Form 8-K filed with the U.S. Securities and Exchange Commission. Neither the company’s announcement nor the filing gave a reason for his departure. The announcement also did not say whether Huang would retain any role with the company.
Kress, Nvidia’s CFO since September 2013, will hold both roles until the board names a permanent CEO. Nvidia said the search will consider internal and external candidates. Harvey C. Jones, a director since 1993 and former CEO and executive chairman of Synopsys, becomes board chair. Nvidia described him as its first chair.
The stock had closed Wednesday at $173.73, up 2.87% that day, Nasdaq data showed. It fell further in premarket trading after the announcement. The source article calculates that the move to $153.45 represented about $489 billion in market value, using Nvidia’s share count from its latest quarterly filing; that is an estimate, not a reported cash loss. Nasdaq-100 futures were down 1.2% and S&P 500 futures 0.6%, CNBC reported.
What Huang’s exit means for Nvidia stock
Jensen Huang resigned immediately, and Nvidia shares fell in premarket trading. The board is searching for a permanent CEO while Colette Kress leads as interim CEO.
Leadership changes now
The board has not named a permanent CEO or given a timetable for the search.
CFO Colette Kress becomes interim CEO while keeping her finance role.
Nvidia says it will consider internal and external candidates.
Harvey C. Jones becomes board chair.
What the market move shows
The premarket drop captures an immediate reaction, not a forecast of longer-term performance.
- Shares fell after Nvidia announced Huang’s departure.
- The move came amid weakness in other technology shares.
- How shares will trade during the regular session.
- Whether leadership changes affect deliveries, product plans or support.
What Nvidia has confirmed
The company gave no reason for Huang’s resignation and did not say whether he will retain another role.
Interim appointment
Kress will serve as CEO until the board appoints a permanent successor.
Continuity is expected
The board expects operations, customer commitments and the product roadmap to continue without interruption.
Next near-term test
Customers and investors may look for updates on execution and business outlook.
- Nvidia’s scheduled third-quarter results are on Nov. 17.
- The board has not said whether the results event will bring further leadership details.
Leadership Change Puts Nvidia in Focus
Huang’s departure creates an immediate leadership change at a company whose chips are central to many artificial-intelligence data centers. Investors, customers and suppliers now have to judge the business under an interim CEO while the board searches for a permanent successor. The rapid share-price decline shows the market’s immediate reaction, but it does not establish how the stock will perform after regular trading begins or in the longer term.
Continuity of operations is the board’s stated expectation, not a guarantee that the leadership change will have no commercial effects. Customers will be watching for any impact on deliveries, product plans and support; investors will be looking for evidence about the CEO search and the company’s ability to execute its existing plans. Nvidia’s scheduled results on Nov. 17 are the next near-term test of its public messaging and business outlook.
The premarket decline also came amid weakness in other technology shares. Nasdaq-100 and S&P 500 futures were lower, while CNBC reported that U.S.-listed shares of TSMC, Micron and Intel were down between 4.6% and 5.7% in premarket trading. Those moves provide market context, but the available figures do not isolate how much of the broader declines was caused by Nvidia’s announcement.
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What Nvidia Has Confirmed So Far
Nvidia’s board announced the CEO change on Nov. 12 in a release titled “NVIDIA Announces CEO Transition.” The company also filed an 8-K under the SEC item covering departures and appointments of directors and officers. The filing says the board accepted Huang’s resignation the day before the public announcement and identifies Kress as interim CEO, executive vice president and CFO.
The announcement follows the company’s Nov. 8 statement about reports that Huang had been the target of a foreign intelligence effort. Nvidia’s board said at the time it had “no reason to believe that either national security or NVIDIA secrets were compromised.” The source material says the board had announced an investigation, but does not provide its findings. The timing is confirmed; the available information does not establish that the investigation caused Huang’s resignation.
Nvidia’s market position gives the change wider relevance than a routine executive appointment. The company supplies processors and related technology used in AI computing, so its plans matter to customers building data centers and to businesses across the semiconductor supply chain. That context does not, by itself, indicate whether the departure will change demand, sales or product delivery.
“The Board has full confidence in Colette and the leadership team, and we expect the company’s operations, customer commitments and product roadmap to continue without interruption.”
— Harvey C. Jones, Nvidia board chair
The Reason for Huang’s Exit
Nvidia has not disclosed why Huang resigned, and the public announcement does not say whether he will remain involved in an advisory or other capacity. The board has not named a permanent CEO or provided a timetable for completing its search.
The available material also does not report the findings of the board investigation announced on Nov. 8. Although the resignation followed reports about Huang and that investigation, no source provided here establishes a link between them. The company’s statement about continued operations is an expectation from the board, not evidence that every customer commitment or product schedule has already been reviewed.
Premarket prices are snapshots before the regular U.S. session. They can change when full trading begins, and the reported market-value estimate depends on the share count and price used. These figures describe the immediate market response and do not predict future performance.
Board Search and November Results
The board said it will consider both internal and external candidates for the permanent CEO position. It has not said when it expects to make an appointment. Kress is set to serve as interim CEO while continuing as CFO, giving her responsibility for the transition as well as the finance role.
Nvidia’s next scheduled public milestone is its third-quarter results on Tuesday, Nov. 17, at about 1:20 p.m. Pacific time, according to the company’s announcement. Nvidia said the release remains on schedule. Investors and customers may look to the results and any accompanying company comments for updates on operations, demand, product plans and leadership, though the source material does not say whether the board will provide additional details at that event.
Key Questions
Did Jensen Huang resign as Nvidia CEO?
Yes. Nvidia announced on Nov. 12, 2026, that Huang resigned as president, CEO and a member of the board, effective immediately. The company’s SEC filing says the board accepted his resignation on Nov. 11.
Who is leading Nvidia now?
Colette Kress, Nvidia’s CFO since September 2013, is interim CEO and will keep her CFO role while the board searches for a permanent successor. Harvey C. Jones has become board chair.
Why did Huang leave Nvidia?
Nvidia has not given a reason. The resignation followed reports about Huang and a board investigation the company announced on Nov. 8, but the available information does not establish that the investigation caused his departure.
How did Nvidia shares react?
Nasdaq’s premarket quote showed Nvidia at $153.45, down 11.67%, at 9:13 a.m. Eastern on Nov. 12. Premarket prices can change during regular trading, and the figure is not a forecast of future performance.
When is Nvidia’s next scheduled update?
Nvidia’s third-quarter results were scheduled for Tuesday, Nov. 17, at about 1:20 p.m. Pacific time. The company said the date remained as planned after the CEO announcement.
Source: ThorstenMeyerAI.com
