Jensen Huang resigns as Nvidia’s president and CEO, effective immediately, ending a 33-year run that turned the company he co-founded in 1993 into the world’s leading AI chipmaker. He has also left the board. The allegations behind the move remain unproven and are disputed.
Jensen Huang Resigns: What Nvidia Announced
Nvidia’s board confirmed the resignation in a press release and an SEC filing on November 12, 2026. CFO Colette Kress is interim CEO. Harvey C. Jones becomes the board’s first-ever Chair. The board has started a search for a permanent CEO and will consider internal and external candidates.
Why Did Jensen Huang Resign as Nvidia CEO?
The resignation follows days of reporting about alleged extramarital affairs. One allegedly involved a Chinese businesswoman whom US intelligence reportedly suspects of acting for Beijing. Another allegedly involved a senior Nvidia executive.
On Sunday, Nvidia’s board launched an independent investigation into reports that Huang was the target of a foreign intelligence effort. Nvidia said it had no reason to believe company secrets or national security were compromised. The Chinese government called the allegations baseless. These claims are unproven, and Huang has not been charged with any crime.
Colette Kress Interim CEO: Who Leads Nvidia Now?
Kress has served as CFO for more than a decade. Nvidia says operations, customer commitments and the product roadmap will continue without interruption. Analysts say the bigger question is who will lead Nvidia’s technology strategy long term.
Nvidia Stock After Jensen Huang Resigns
NVDA shares fell sharply on Thursday. Some outlets reported a drop of more than 13% after the open. Nvidia also faces a securities lawsuit alleging it failed to disclose information to shareholders about Huang’s relationship. Check live market data for current prices.
What Jensen Huang’s Resignation Means for the AI Industry
Nvidia supplies most of the advanced GPUs used to train large AI models. Cloud providers, startups and governments will watch whether the search for a permanent CEO and the ongoing investigation affect supply, partnerships or strategy, including recent GPU deals across the AI industry. The timing also matters geopolitically, as China’s proposed export controls on 40 AI technologies show how tense the AI relationship between Washington and Beijing already is.
What Happens Next
Key things to watch: the permanent CEO search, the outcome of the board’s investigation, the securities lawsuit, and any statement from Huang himself.