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Jensen Huang resigns as NVIDIA CEO — CFO Colette Kress takes over as interim chief
Nov 12, 2026
NVIDIA announced on Nov 12, 2026 that Jensen Huang has resigned as President, Chief Executive Officer and Board member, effective immediately, ending 33 years leading the company he co-founded. Colette Kress, NVIDIA's Chief Financial Officer since 2013, serves as Interim CEO while keeping the CFO role; Harvey C. Jones becomes the company's first-ever Chair of the Board. NVIDIA's release gives no reason for the resignation.
Image: NVIDIA via nvidianews.nvidia.com
The announcement is NVIDIA's own, published via GlobeNewswire at 13:48 UTC on Nov 12, 2026, following press reports on Nov 11 that the Board was weighing Huang's future — reports this desk held as unverified until NVIDIA itself spoke. From the release: the Board is searching for a permanent CEO and will consider internal and external candidates; Kress joined NVIDIA in September 2013 after nearly 25 years in finance roles at Cisco and Microsoft; Jones, Chair of the Board, is a former Chief Executive Officer and Executive Chairman of Synopsys. Jones, in the release: the Board expects “the company's operations, customer commitments and product roadmap to continue without interruption.” Kress: “I am committed to building on the extraordinary foundation Jensen created over the last 33 years.” NVIDIA's third-quarter fiscal 2027 results stay on Tuesday, November 17, at approximately 1:20 p.m. PT, with the earnings call at 2 p.m. PT, as previously scheduled. Reuters reported NVIDIA shares fell more than 10% in premarket trading.
Why this belongs on a GPU desk: NVIDIA supplies effectively every card on this board, and its roadmap — Blackwell today, Vera Rubin next — sets the capacity and pricing weather for every provider a renter buys from. A leadership change at the top of that supplier, five days before earnings, is the single largest company event in the GPU market this year.
What it means if you rent GPUs
For GPU renters and buyers, the dated facts today are narrow and worth stating plainly: no product, pricing or roadmap change has been announced, and continuity of operations, customer commitments and the roadmap is NVIDIA's stated position in its own release. The first real test is the Nov 17 earnings call, now led by Interim CEO Kress. Anything beyond the release — including reporting about the circumstances around the resignation — is not something NVIDIA has confirmed, and this desk is not presenting it as fact.