GoKawiilNvidia's Jensen Huang resigns, Colette Kress named interim CEO
Nvidia announced that founder and CEO Jensen Huang has stepped down after 33 years, ending his tenure atop the company. Longtime director Harvey Jones becomes the company's first-ever board chair, while CFO Colette Kress will serve as interim CEO alongside her finance duties ahead of Nvidia's November 17 earnings report. Nvidia has hired an outside firm to search for a permanent successor.
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The abrupt leadership change follows an espionage case reportedly involving four governments and a congressional hearing, which could complicate the succession process and investor confidence. Markets reacted sharply, with shares falling over 13% and briefly pushing Nvidia below a $4 trillion valuation, suggesting investors see Huang as central to the company's AI-chip dominance. Reports that Kress may hold the role for only about a year before an outsider takes over indicate the board views this as a transitional arrangement rather than a permanent fix.
- Jensen Huang has resigned after 33 years leading Nvidia.
- Harvey Jones becomes board chair; Colette Kress is interim CEO.
- Nvidia shares dropped over 13%, briefly erasing its $4 trillion valuation.
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Published there as: “Without Jensen Huang, is it game over for GeForce?”
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