Nvidia CEO Resignation Summary

Date: November 12, 2026

Overview

Nvidia's CEO, Jensen Huang, has resigned from his position effective immediately. This significant leadership change has led to a nearly 10% drop in Nvidia's share price, which is currently trading around $156 per share. Colette Kress, the long-time CFO, has been appointed as the interim CEO, while Harvey Jones has been named the Chair of the Board.

Details of the Resignation

The Board of Directors announced Huang's resignation, marking the end of his over three-decade tenure at Nvidia, which he co-founded. Under his leadership, Nvidia evolved from a graphics-chip manufacturer to a key player in AI infrastructure. The company has assured stakeholders that this transition will not disrupt daily operations, customer commitments, or the ongoing product development roadmap.

Interim Leadership

Colette Kress, who has been with Nvidia since September 2013 as CFO, will take over as interim CEO while the Board searches for a permanent successor. Kress has extensive experience in finance, having worked at major tech companies like Cisco and Microsoft. Her leadership is expected to maintain continuity in Nvidia's strategic direction, particularly in accelerated computing and artificial intelligence.

Market Reaction and Future Outlook

Nvidia's upcoming fiscal Q3 2027 earnings report, scheduled for November 17, will be a critical test for the new leadership. Investors are keen to see how the leadership change might impact Nvidia's strategy and relationships with major customers. The Board has emphasized that the transition should not affect the company's operational performance or product development.

Currently, Nvidia shares are at their lowest since June 2025, despite a significant increase in quarterly revenue from approximately $44 billion to over $96 billion, reflecting a growth of about 118%. The stock's forward price-to-earnings ratio is projected to fall to around 11x. If Huang's resignation does not negatively impact market sentiment or operational performance, this lower valuation could potentially support a rebound in the medium to long term.

Conclusion

The resignation of Jensen Huang marks a pivotal moment for Nvidia as it navigates this leadership transition. The focus will be on how effectively the new leadership can maintain the company's momentum in the rapidly evolving AI sector.