TL; DR
- Jensen Huang resigned as Nvidia CEO and director on November 12, 2026, effective immediately.
- CFO Colette Kress is interim CEO; Harvey Jones becomes the board’s first chair.
- Nvidia gave no reason; related allegations remain unconfirmed reports; earnings stay set for November 17, 2026.
Some corporate stories burn slowly, but this one went off like a thunderclap. Within a week of the memo being sent to company employees, the chip juggernaut we’re talking about, Nvidia, the company that most of us link with graphics cards and AI hype, got surrounded by probes, rumors, and a bearish stock chart.
I’ve been following and covering Nvidia-related developments, including the company’s new GPU announcements, DLSS versions, and even the push into AI infrastructure. However, I can’t recall anything like that happening in the last week or 10 days. So, let me walk you through what’s solid and what’s merely reported.
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What Happened at Nvidia, and Why Is Everyone Talking About It?
- On November 12, 2026, Jensen Huang resigned as Nvidia’s president, CEO, and board member. The resignation is effective immediately.
- Colette Kress, who has served as CFO since 2013, has been appointed interim CEO as the company looks for a suitable candidate.
- Harvey Jones, a director since 1993 and a former Synopsys chief, becomes the board’s first-ever chair.
- His statement promises that operations and the product roadmap will go on “without interruption,” which is the line I’d circle if you’re waiting on a new GPU.
For context, Huang had been Nvidia’s only CEO since its 1993 founding, so this closes a meteoric 33-year run. But why did it happen? The official press release and SEC filing do not reveal the reason behind the corporate reshuffle.
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Nvidia’s CEO Resignation: A Timeline Of Events
However, everything fell apart after Huang admitted to an affair with the executive of a Singapore-based Nvidia customer (Megaspeed), Alice Huang. On October 29, 2026, The New York Times reported that US officials were investigating the relationship. Following that, three Republican House committee chairmen requested a closed-door briefing from Huang on national security concerns.
On November 8, 2026, Huang sent a public memo to Nvidia employees, admitting he had been unfaithful to his wife. He also linked it to national security concerns in news reports. What followed between November 9 and 10 were more details on Alice Huang’s network that facilitated Nvidia’s chip access to the Chinese company.
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On November 11, 2026, The New York Times also reported on Jensen’s second extramarital affair with Nvidia’s VP of healthcare, Kimberley Powell (remains unconfirmed by the people involved). The same day, Congress signaled its intent to subpoena Huang if he doesn’t agree to the briefing.
The Wall Street Journal also reported that Nvidia’s board was preparing to sack Huang. Finally, on November 12, 2026, Nvidia confirmed the resignation.
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What Happens Next?
Nvidia’s board is weighing internal and external candidates for the CEO role. Reports say around 60 executives report directly to Huang. However, the ex-CEO didn’t believe in succession planning. That’s why there’s no obvious or pre-decided heir.
While Huang remains the company’s largest shareholder with roughly 3.6%, he doesn’t seem to have an immediate role at the company anymore.
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