Report claims Jensen Huang resigns as Nvidia CEO; CFO Colette Kress named interim CEO
pdamodaran · x · 2026-11-14
DalalBytes weekly reports that Jensen Huang resigned as Nvidia's CEO, president and director effective Thursday after a Wednesday-night board meeting, with CFO Colette Kress serving as interim CEO and director Harvey Jones becoming chairman. The letter credits Huang's CUDA bet in 2006 and early AI datacenter bet for growing revenue from $4.13B (FY2014) to $215.9B last fiscal year. Market reaction: shares fell 14% intraday Thursday, closing down 4.3% at $166.19 (30% below the October record); forward P/E near 12x is the lowest since 2012; AMD and Broadcom each rose 6%. Kress leads the Nov 17 earnings call. Unverified third-party report.
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