Who is Nvidia's interim CEO?

Chief Financial Officer Colette Kress is serving as interim CEO while the board searches for a successor. She joined Nvidia in 2013 after nearly 25 years at companies including Cisco and Microsoft.

How much did Nvidia's stock fall?

Nvidia shares fell as much as 13 percent following the announcement before paring losses to about four percent, wiping roughly $450 billion off the company's value since the weekend.

What did Trump say about Huang's replacement?

President Donald Trump said former Apple boss Tim Cook should take over, writing on Truth Social: 'A Legend replaces a Legend!' and calling Cook 'a great candidate to run Nvidia.'

AI Stocks & MarketsAI Business & IndustryYahoo Finance AI1d agoNov 13, 2026, 13:01 JST

Jensen Huang resigns as Nvidia CEO over spy affair scandal

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3 Key Points

What happened
Jensen Huang resigned as Nvidia CEO and gave up his board seat after two extramarital affairs were disclosed, one with a woman accused of spying for China. CFO Colette Kress is interim CEO; Harvey Jones is chair.
Why it matters
The scandal wiped almost half a trillion dollars off Nvidia's market capitalisation and raises national security fears, leaving the AI industry in uncharted waters.

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Context & Analysis

Jensen Huang's departure ends a 33-year run at the company he co-founded and built into the central supplier of processors for AI models, a position cemented after OpenAI's ChatGPT launch in 2022. Huang had also been a close informal adviser to President Donald Trump on AI and had spent years lobbying against curbs on sales of advanced AI chips to China.

The board moved quickly to steady the company, naming Harvey Jones, former chief executive of chip design software firm Synopsys, as chair. It said it expected operations and the product roadmap 'to continue without interruption,' and interim CEO Colette Kress brings experience from nearly 25 years at companies including Cisco and Microsoft.

Huang remains Nvidia's largest individual shareholder with a stake of about 3.6 percent, according to the company's most recent filing. For many in Silicon Valley, the episode recalls Steve Jobs's 1985 ouster from Apple and his return 12 years later, a comparison that may shape how the board and investors view Huang's legacy.

FAQ

Who is Nvidia's interim CEO?: Chief Financial Officer Colette Kress is serving as interim CEO while the board searches for a successor. She joined Nvidia in 2013 after nearly 25 years at companies including Cisco and Microsoft.
How much did Nvidia's stock fall?: Nvidia shares fell as much as 13 percent following the announcement before paring losses to about four percent, wiping roughly $450 billion off the company's value since the weekend.
What did Trump say about Huang's replacement?: President Donald Trump said former Apple boss Tim Cook should take over, writing on Truth Social: 'A Legend replaces a Legend!' and calling Cook 'a great candidate to run Nvidia.'

Yahoo Finance AIRead Original Article

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Also reported by AP News AI, LessWrong AI

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