Explainer · Business stories

Can Nvidia stay on top without Jensen?

12 Nov 2026 · EN

Jensen Huang co-founded Nvidia in 1993 and ran it from day one. On 12 November 2026 Nvidia said he had resigned as CEO, president and board member, effective immediately, four days after he apologised to staff over a personal relationship. This is part of an ongoing story: who steers Nvidia now, and what comes next.

Key points

  • Nvidia's 8-K filing says the board accepted Huang's resignation as president, CEO and director, effective immediately. The filing gives no reason and does not mention the board's investigation.
  • On 8 November the board opened an independent investigation and said it had "no reason to believe" national security or Nvidia's secrets were compromised. Reports say U.S. officials believe a woman linked to Huang was a Chinese spy; China denies it, and no one has been charged.
  • CFO Colette Kress (CFO since 2013) is interim CEO and stays CFO. Harvey C. Jones, a director since 1993 and former CEO of Synopsys, becomes Nvidia's first-ever board chair.
  • The board will consider internal and external candidates for a permanent CEO; no candidate or timeline has been named.
  • Nvidia shares had slipped about 7% from Friday 6 November's close to Wednesday 11 November's, and fell sharply again after the news. Next on the calendar: third-quarter results on 17 November (a date to watch, not a prediction).

Sources

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