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Jensen Huang Resigns as Nvidia CEO Amid Independent Probe Into Security and Conduct
The board said Kress will keep operations steady as it searches for a permanent chief executive after Huang’s immediate exit.
- On Thursday, November 12, 2026, Nvidia President and CEO Jensen Huang resigned effective immediately. The board appointed CFO Colette Kress as interim CEO and named Harvey C. Jones as board chair.
- Reports emerged earlier this week detailing Huang's extramarital affairs, including one with Alice Huang, a businesswoman U.S. intelligence officials suspect of espionage. The board launched an independent investigation into whether he was targeted by a foreign intelligence effort.
- Nvidia shares plummeted over 10% in premarket trading Thursday, adding to losses that wiped out more than $600 billion in market value this week. The stock hit as low as $152 per share.
- "The Board has full confidence in Colette and the leadership team," board chair Jones said. Kress, Nvidia's CFO since 2013, will lead the company while the board searches for a permanent successor.
- Nvidia is scheduled to report third-quarter results on November 17, while Republican leaders of three House committees have requested a briefing regarding Huang's interactions with the suspected intelligence asset. Congressional scrutiny signals broader geopolitical stakes.
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Colette Kress, appointed interim director general of Nvidia after the resignation of founder Jensen Huang, and Harvey Jones, the new president of the board of directors, sent messages to employees on Thursday, trying to restore confidence in the company's future after the scandal that caused the change of leadership, CNBC reports.
The resignation of the CEO of Nvidia was the last-minute theme of a Web Summit panel. If anyone considers "a mistake", there are also those who argue that "it is the end of the mythological idea of the genius founder".
·Lisboa, Portugal
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Total News Sources1066
Leaning Left136Leaning Right121Center189Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 31%
C 42%
R 27%
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