Jensen Huang resigns as Nvidia chief executive

Jensen Huang resigns as Nvidia chief executive

Jensen Huang has resigned as Nvidia’s chief executive, president and a member of its board with immediate effect, ending more than three decades at the helm of the chipmaker he co-founded. Nvidia named finance chief Colette Kress interim chief executive on Thursday and began a search for a permanent successor.

Kress, who joined Nvidia in September 2013, will continue as chief financial officer while running the company. The board said it would consider both internal and external candidates and appointed longtime director Harvey C. Jones as its first chair.

Departure follows board investigation announcement

Nvidia’s transition statement gave no reason for Huang’s resignation. Two days earlier, the company’s independent directors said they had retained former acting US attorney Joon H. Kim and his law firm to conduct an independent investigation following reporting that Huang had been the target of a foreign intelligence effort.

Reuters reported that Huang’s departure followed reports about his personal relationships, including one with a woman whom US authorities suspect of spying for Beijing. Nvidia’s announcement did not provide any findings from the investigation.

Nvidia shares fall as rivals gain

Nvidia shares closed 4.3 per cent lower on Thursday, according to Reuters, while rival chipmakers AMD and Broadcom each rose about 6 per cent. Huang’s departure comes as US lawmakers debate tighter restrictions on exports of advanced AI chips to China, a market he had pressed Washington to keep open to Nvidia.

Huang helped turn a company best known for gaming graphics into a leading supplier of processors used to train and run AI models. His successor will inherit a business whose hardware and software are used by major cloud providers and AI developers, with US export rules shaping what it can sell in China.

Kress told employees that Nvidia would hold a staff meeting on 18 November, Reuters reported. The board gave no timetable for appointing a permanent chief executive.

NewsHub Finance | Technology | 13 November 2026