NVIDIA says Jensen Huang has resigned as president, chief executive and board member, effective immediately. Chief Financial Officer Colette Kress will serve as interim CEO while keeping her CFO role, and the board has started a search for a permanent CEO.

Who leads Nvidia now

Kress has been with NVIDIA since September 2013 and previously spent nearly 25 years in finance roles at companies including Cisco and Microsoft. She stays EVP and CFO while serving as interim CEO, until a permanent successor is named. The board says it will consider internal and external candidates. No successor is named in the release.

The board also appointed Harvey C. Jones as its first-ever Chair of the Board. Jones was previously CEO and Executive Chairman of Synopsys, according to the release.

What the reported context shows

The Korea Herald reports that the resignation came after days of pressure over reported personal relationships involving Huang. Those reports, as the paper describes them, include a relationship with a former executive at a Singapore-based data center operator whom US intelligence officials reportedly suspect of working for China, and a relationship with a vice president who reported directly to him. These are allegations reported by the outlet, not established facts.

The paper also reports that Nvidia's board launched an independent investigation on Sunday into potential national security concerns, and that the company said it had no reason to believe its trade secrets or US national security had been compromised. Nvidia shares fell more than 10% in US premarket trading on Thursday, the paper reports.

The release gives no reason for the departure, and the Korea Herald piece does not say whether the investigation has produced findings.

What to watch next

The board says it expects operations, customer commitments and the product roadmap to continue without interruption. NVIDIA will still report third-quarter fiscal 2027 results on Tuesday, November 17, at about 1:20 p.m. PT, followed by an earnings call at 2 p.m. PT.

Our read: the company's own statements stress continuity, with a CFO running the company on an interim basis, a separate chair and a scheduled earnings report. The open questions are who succeeds Huang and what the investigation finds.

Sources