Nvidia announced on November 12, 2026 that Jensen Huang had resigned as president, chief executive officer and director, effective immediately. Chief financial officer Colette Kress is interim chief executive. Harvey C. Jones, a director since 1993, became the company's first board chair, and the board has started a search for a permanent chief executive. Nvidia's announcement gives no reason for the resignation.
Who Holds Which Role
| Role | Before | From November 12, 2026 |
|---|---|---|
| Chief executive | Jensen Huang, co-founder | Colette Kress, interim |
| Board chair | No one held the title | Harvey C. Jones, director since 1993 and former chief executive of Synopsys |
| Permanent chief executive | Not applicable | Search under way |
Timeline From Nvidia's Own Statements
| Date | What Nvidia said |
|---|---|
| November 8 | The board said it had opened an independent investigation. |
| November 10 | The board said it had retained the law firm Wachtell and Joon H. Kim. |
| November 12 | Nvidia announced the resignation, the interim chief executive, the new board chair and the search. |
| November 17 | Scheduled date for third-quarter fiscal 2027 results. |
This page reports what Nvidia has published. Press reports have made further claims about the reasons. Nvidia's filing does not contain them, and we do not repeat them here.
The Business Kress Takes Over
| Item | Latest reported figure |
|---|---|
| Quarterly revenue (quarter ended July 26, 2026) | $96.2 billion, up 106% year over year |
| Data Center revenue | $89.0 billion, up 117% |
| GAAP gross margin | 75.0% |
| Guidance for the quarter ended October 25, 2026 | $108.0 billion, plus or minus 2% |
For how that compares with other chip makers, see AI chip revenue by company.
Market Reaction
CNBC reported that Nvidia shares fell about 4% on November 12 to a 52-week low. Accounts of how other chip stocks moved that day conflict, so we do not list them.
Open Questions
- The Hugging Face deal. TechCrunch reported in September that Nvidia plans to buy Hugging Face for $12.9 billion, with closing expected in the first half of 2027. Nvidia has not said whether the leadership change affects it. Hugging Face's chief executive said on November 12 that the company would keep fighting for open-source AI.
- The permanent chief executive. Nvidia has given no timetable.
- The investigation. Nvidia has not published findings.
- Product roadmap. Nothing in the announcement changes shipping plans. See the Blackwell and Rubin shipment tracker.
Methodology
Facts come from Nvidia's November 12 announcement as filed with the SEC and the Nvidia newsroom, with financial figures from Nvidia's second-quarter release and the share move from CNBC. This page is not investment advice. Status as of November 13, 2026, and this story is still developing.