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NVIDIA announced on November 12, 2026, that co-founder Jensen Huang had resigned as president, chief executive officer and a member of its board. A filing with the U.S. Securities and Exchange Commission says the board accepted his resignation on November 11. Finance chief Colette Kress became interim CEO, and director Harvey C. Jones was named board chair. NVIDIA shares closed down 4.3% on the day the company announced the change. — SEC Form 8-K — NVIDIA Newsroom — Reuters market report
Featured image · CES 2025 archive photo · Joseph Zadeh / Wikimedia Commons · CC BY-SA 4.0
Did Jensen Huang resign on November 11 or November 12?
Both dates appear in the official record. Item 5.02 of the company’s Form 8-K says the board accepted Huang’s resignation on November 11, effective immediately. The press release attached to that filing is dated November 12, when NVIDIA made the change public. The filing records his departure from three positions, including his seat on the board. — SEC Form 8-K — NVIDIA Newsroom
Huang co-founded NVIDIA in 1993 with Chris Malachowsky and Curtis Priem and led the company from its founding. A business that started in graphics became a major supplier of the hardware and software behind AI infrastructure. Its processors serve cloud providers and research labs, so the transition matters to customers with long-term commitments as well as shareholders following the stock. — Associated Press
What Huang acknowledged and what the press reported
In an employee message NVIDIA published on November 8, Huang acknowledged infidelity, apologized to his family and said he would cooperate with the board’s inquiry. He gave no name in that message. NVIDIA’s transition announcement gave the leadership details without addressing the reported relationships. — Jensen Huang’s message — NVIDIA Newsroom
The Associated Press reported that The New York Times had described a relationship with former Megaspeed executive Alice Huang, whom U.S. intelligence reportedly suspected of working for China. Beijing denied the spying allegation. Reuters also identified NVIDIA healthcare vice president Kimberly Powell in its coverage of another alleged relationship. On November 12, Reuters cited two people familiar with the matter in reporting an additional alleged relationship with an NVIDIA employee it did not name. NVIDIA declined to comment for that Reuters report, and Powell and Jensen Huang did not respond to requests for comment. — Associated Press — Reuters
The employee message is a direct source for what Huang acknowledged. The reporting about named individuals relies on journalists’ sourcing. The board statements are the record of what the company has disclosed about its inquiry. A photograph or a screenshot in circulation cannot establish the circumstances of a meeting on its own. Readers can follow the links to check what each source actually supports.
What is the NVIDIA board investigating?
On November 8, the board announced an independent inquiry after reports that a foreign intelligence effort had targeted Huang. At that point, the board said it had no reason to believe U.S. national security or NVIDIA secrets had been compromised. On November 10, independent directors said they had retained former acting U.S. attorney Joon H. Kim and his firm, Wachtell, Lipton, Rosen & Katz. Those announcements describe the scope and oversight of the review. They provide no final findings. — NVIDIA board statement — NVIDIA independent directors
Megaspeed has separately faced scrutiny over allegations that advanced chips were shipped to China. AP reported that the Singapore-based company previously said it had found no evidence of such exports and later reaffirmed its commitment to U.S. export-control compliance. When reading about a shipment, look for the chip model, the destination and the authorisation at issue. Those facts are needed to evaluate the export question. The board’s public statements do not give a finding that confidential information was transferred. — Associated Press — NVIDIA board statement
Who is interim NVIDIA CEO Colette Kress?
Kress joined NVIDIA as executive vice president and chief financial officer in September 2013, after finance roles at technology companies including Cisco and Microsoft. She retains the finance job while serving as interim CEO. NVIDIA said it would consider internal and external candidates in the search for a permanent successor. The transition announcement did not name one. — NVIDIA Newsroom
Harvey C. Jones, who has served on the board since 1993, became its chair. The appointment gives the board a chair as it oversees the succession process. NVIDIA says it expects operations, customer commitments and its product roadmap to continue through the leadership change. The next earnings call gives the management team a scheduled opportunity to discuss how it is handling those commitments. — SEC Form 8-K — NVIDIA Newsroom
How much did NVDA stock fall?
Reuters reported that NVIDIA shares fell nearly 12% at one point on November 12 before ending the regular U.S. session down 4.3%. An opening quote, an intraday low and the closing price capture different moments. To check the 4.3% move, compare the regular-session closes on November 11 and November 12. An after-hours quote uses another time window. — Reuters market report
Market capitalisation is the share price multiplied by shares outstanding. If the stock recovers from a low before the close, the implied drop in market value also shrinks. Any dollar figure for value lost should specify the time of the quote and the price used for comparison. This gives readers a way to check large numbers that circulate during a volatile session.
NVIDIA kept its scheduled fiscal 2027 third-quarter results for November 17, Pacific time. The release and earnings call are points to check for updates on the data-centre business, customer demand and guidance. Investors following from India or other time zones should check the local date as well as the U.S. schedule. — NVIDIA Newsroom
Related reading · Jensen Huang on China, manufacturing and computing
Frequently asked questions
Did NVIDIA officially confirm Jensen Huang’s resignation?
Yes. Its November 12 announcement confirmed he had left as president, CEO and board member. The SEC filing records the board’s acceptance on November 11. — NVIDIA Newsroom — SEC Form 8-K
Is Colette Kress the permanent CEO?
Kress is interim CEO and remains CFO during the search. NVIDIA says it will consider candidates from inside and outside the company. — NVIDIA Newsroom
Has the board confirmed that espionage occurred?
The board announced an inquiry into a reported foreign intelligence effort and has yet to publish findings in the statements reviewed here. Beijing denied the allegation. — NVIDIA board statement — NVIDIA independent directors — Associated Press
What did Jensen Huang say in his statement?
Huang acknowledged infidelity, apologized and said he would cooperate with the board. His November 8 message did not identify another person by name. — Jensen Huang’s message
How much did NVIDIA stock fall on November 12?
It closed down 4.3% in regular U.S. trading, Reuters reported. Earlier in the session it was down nearly 12%. — Reuters market report
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