Jensen Huang has resigned as Nvidia’s president and chief executive, the company announced Nov. 12, ending his 33-year run at the chipmaker he co-founded. Nvidia said Chief Financial Officer Colette Kress will serve as interim CEO while its board considers internal and external candidates for a permanent successor.

The announcement makes an abrupt change at the top of one of the most consequential companies in the AI hardware supply chain. Nvidia’s statement did not give a reason for Huang’s departure; the company said its search for a permanent CEO is underway.

What Nvidia has confirmed

Nvidia said its board accepted Huang’s resignation effective immediately. The company named Kress, its longtime finance chief, as interim CEO and said it is considering both internal and external candidates. The board also named Harvey C. Jones as its first chair, according to the company and the Associated Press.

Huang co-founded Nvidia in 1993 and had led it since its beginning, AP reported. The transition therefore leaves the company to select a permanent leader after more than three decades under its co-founder, while Kress takes on interim leadership.

Why the succession matters

Nvidia’s processors are widely used in AI data centers, and Huang has been a central public figure in the industry’s expansion. The company’s next leadership decision will be closely watched by customers, suppliers and investors, but the announcement itself does not establish any change to Nvidia’s products, operations or strategy.

The company has said it plans to report its fiscal third-quarter results on Nov. 17. That scheduled update will be the next near-term opportunity for Nvidia to address its business outlook under the interim arrangement.

The Globuzz previously covered Nvidia’s board investigation into Huang; this article focuses on the new resignation and succession announcement.

Sources

Nvidia, CEO transition announcement (Nov. 12, 2026); SEC filing.

Associated Press, what we know after Huang’s resignation (Nov. 12, 2026); Reuters, coverage of the CEO transition (Nov. 12, 2026; Reuters report syndicated by Investing.com).