Thursday, 12 November 2026: Nvidia has confirmed that co-founder Jensen Huang has resigned as president, chief executive officer and a member of its board, effective immediately.
In an official announcement, the US chipmaker said its chief financial officer, Colette Kress, will serve as interim chief executive while retaining her finance responsibilities. The board has begun a search for a permanent successor, considering both internal and external candidates.
Leadership shake-up
Nvidia also appointed Harvey C. Jones as its first chair of the board. Huang co-founded Nvidia in 1993 and oversaw its transformation from a graphics-chip company into a leading supplier of AI computing technology.
The resignation follows reports concerning Huang's personal relationships and allegations involving a woman suspected of links to Chinese intelligence. The allegations have not been established as findings of wrongdoing. Nvidia previously said it had no reason to believe its secrets or national security were compromised and launched an independent investigation. Its leadership announcement did not state a specific reason for Huang's departure. Associated Press has reported on the developing controversy.
What happens next?
Nvidia is scheduled to release its third-quarter fiscal 2027 results on Tuesday, 17 November. Investors will be watching the company's leadership transition and plans for continuity at the centre of the global AI industry.
Featured image: Nvidia official corporate portrait of Jensen Huang.
This is a developing story.
