Jensen Huang Resigns as NVIDIA CEO; CFO Kress Named Interim Chief

On November 12, founder Jensen Huang, who led Nvidia for 33 years, was announced to be stepping down immediately as president, CEO, and board member. CFO Colette Kress takes over as interim CEO, while the board considers both internal and external candidates for a permanent successor; next week's earnings call will proceed as planned. The news first broke via channels like Polymarket market flashes and was initially suspected to be a fake screenshot, but was later confirmed by Nvidia's official press release and mainstream outlets including The Wall Street Journal. Shares fell 8% in premarket trading and 13% at the open, with NVDA perpetual futures briefly dropping to $156.75, a single-day decline of more than 10%.

Confirmed

• Jensen Huang resigned as CEO, president, and board member, effective immediately, ending a 33-year tenure; Executive Vice President and CFO Colette Kress was named interim CEO.
• Nvidia established a board chairman role for the first time in its 33-year history, with former Synopsys CEO Harvey C. Jones becoming the first chairman.
• According to reports from The Verge and a scoop by Ed Ludlow, the resignation stems from two extramarital affair reports: one involving a person alleged to be a Chinese spy, and another involving an Nvidia executive who reported to Huang. The decision was announced after a late-night Wednesday board meeting, following a Sunday session where the board had expressed confidence in him. WSJ also published a "timeline of the scandal that brought down the NVIDIA CEO."
• The Nvidia Newsroom issued an official press release, "NVIDIA Announces CEO Transition," and the WSJ official account confirmed the news.
• Next week's earnings call will proceed as planned, and the board will consider external candidates for the long-term CEO role.

Timeline

• The news first circulated mid-session via Polymarket flashes, Spectator Index, and Walter Bloomberg (@DeItaone), and was initially suspected to be fake or a prank because the official-site screenshot was dated November 12, 2026.
• CNBC breaking coverage and Ed Ludlow's reporting on details followed, and it was ultimately confirmed by Nvidia's official press release and WSJ; Jensen Huang's LinkedIn page also shows his tenure as "1993–2026."

Why it matters

• Jensen Huang is widely regarded as one of the "greatest CEOs of all time" (as Gary Marcus put it), and his departure is the biggest leadership upheaval in the entire AI compute industry; Nina Schick bluntly said, "Jensen IS NVIDIA."
• The world's most valuable chip company is losing its founder at the most critical moment of AI compute demand; the interim succession plan and the search for a permanent leader will directly shape the trajectory of NVIDIA and the downstream AI industry. Reddit user ThickMulberry2235 also likened it to a "single point of failure" in AI corporate governance.

2026-11-12 ~ 2026-11-13 · 46 related posts

Full story(9 episodes)→

• Episode 1: NVIDIA Succession Talk: CFO Kress Backed as Interim CEO(2026-11-10, 3 posts)
• Episode 2: Polymarket Launches Market on Nvidia's Next CEO(2026-11-10, 2 posts)
• Episode 3: Nvidia Biographer Says Strong Internal Successor to Jensen Huang Exists(2026-11-12, 2 posts)
• Episode 4: AI Community Reacts to Jensen Huang's Departure: Grief, Doubt and Monopoly Grievances(2026-11-12, 9 posts)
• Episode 5: Nvidia board's reported plan to oust Jensen Huang sparks industry backlash(2026-11-12, 27 posts)
• Episode 6: Kuo: Jensen Huang Is Nvidia's Irreplaceable Engine, Succession Plan Needed(2026-11-12, 2 posts)
• Episode 7: Jensen Huang Resigns as NVIDIA CEO; CFO Kress Named Interim Chief(2026-11-12, 46 posts)
• Episode 8: Nvidia board reportedly hires outside firm to find Jensen Huang's successor(2026-11-12, 3 posts)
• Episode 9: NVIDIA Employee Calls Anti-Jensen Campaign a Coordinated Coup(2026-11-12, 2 posts)

• Leaked Profile Suggests Jensen Huang's NVIDIA CEO Tenure Ends in 2026 — haider1 · 2026-11-12
• Flash report claims Nvidia's Jensen Huang is out as CEO, unverified — 4KTV · 2026-11-12
• NVIDIA CEO Jensen Huang reportedly resigns, unconfirmed — ctjlewis · 2026-11-12
• Polymarket BREAKING: Jensen Huang resigns as Nvidia CEO, unverified — Polymarket · 2026-11-12
• Polymarket Breaking: Jensen Huang Resigns as Nvidia CEO, Unverified — Polymarket · 2026-11-12
• Nvidia names CFO Colette Kress interim CEO, per unverified wire report — MicahBerkley · 2026-11-12
• Nvidia shock: Jensen Huang resigns, CFO Colette Kress named interim CEO — Polymarket · 2026-11-12
• [source] Jensen Huang resigns as Nvidia CEO; CFO Colette Kress named interim CEO — Yuchenj_UW · 2026-11-12
• Fake-looking NVIDIA press release claims Jensen Huang resigns; Polymarket opens successor market — Polymarket · 2026-11-12
• Report: Jensen Huang resigns as Nvidia CEO amid official transition announcement — shauntrennery · 2026-11-12
• Nvidia CEO Jensen Huang resigns; CFO Colette Kress named interim CEO — BenBajarin · 2026-11-12
• Report: Nvidia CEO Jensen Huang resigns amid second affair allegation — twoloafbread · 2026-11-12
• [source] Nvidia CEO Jensen Huang resigns amid spy and affair scandals; CFO Colette Kress named interim CEO — tomwarren · 2026-11-12
• Reuters: Jensen Huang resigns as Nvidia CEO, president and board member effective immediately — LuizaJarovsky · 2026-11-12
• FT: Nvidia's Jensen Huang resigns as CEO after affair allegations — cuenca · 2026-11-12
• Jensen Huang resigns as Nvidia CEO after 33 years; stock plunges over 10% — Polymarket · 2026-11-12
• FT reports Jensen Huang resigns as Nvidia CEO amid affair allegations — cuenca · 2026-11-12
• WSJ confirms: Nvidia CEO Jensen Huang has resigned — KateClarkTweets · 2026-11-12
• NVIDIA announces CEO transition: Jensen Huang resigns, CFO Kress named interim CEO — harris_edouard · 2026-11-12
• Unverified claim: Jensen Huang resigns as NVIDIA CEO and exits board — YashasGunderia · 2026-11-12
• Reddit watches for NVDA market reaction after Jensen Huang's resignation — vplay321 · 2026-11-12
• Rumor: Jensen Huang resigns as Nvidia CEO, CFO Colette Kress named interim — unverified — thegodkingreal · 2026-11-12
• Nvidia announces CEO transition: Jensen Huang steps down — chocofoxy · 2026-11-12
• Nvidia CEO Jensen Huang resigns; CFO Colette Kress named interim CEO — bugwrite · 2026-11-12
• Nvidia names its first-ever board chair the same day its only CEO in 33 years resigns — Thick_Mulberry_2235 · 2026-11-12
• Rumor claims Jensen Huang resigned as NVIDIA CEO after 33 years — unverified — heyshrutimishra · 2026-11-12
• Jensen Huang resigns as Nvidia CEO; CFO Colette Kress takes over as stock plunges 13% — GaryMarcus · 2026-11-12
• Nvidia CEO resignation ripples through Chinese AI circle; Huang history podcast resurfaces — op7418 · 2026-11-12
• Colette Kress, Nvidia's interim CEO, sends first message to employees — BenBajarin · 2026-11-12
• Rewatching a podcast on Jensen Huang's rise to understand what he means to Nvidia — op7418 · 2026-11-12
• Unverified: Jensen Huang reportedly resigns as Nvidia CEO, CFO Kress takes over — mkheck · 2026-11-12
• Leaked NVIDIA emails: board rallies employees, all-hands set for Nov 18 after CEO exit — RebeccaBellan · 2026-11-12
• Nvidia CEO Jensen Huang announces resignation, stock market reacts — KyeGomezB · 2026-11-12
• Nvidia reportedly names CFO Colette Kress interim CEO amid succession search — SumitGup · 2026-11-12
• Jensen Huang reportedly resigns as NVIDIA CEO; Musk says hiring him 'would be an honor' — r0ck3t23 · 2026-11-12
• Jensen Huang resignation rumor sparks debate over NVIDIA's gaming GPU future — wen_ragnarok · 2026-11-12
• WIRED: Jensen Huang Resigns as Nvidia CEO, CFO Colette Kress Takes Over Interim — AlexTensor · 2026-11-13
• Jensen Huang Resigns as Nvidia CEO Amid Probe Into Alleged Affair — AlexTensor · 2026-11-13

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