Nvidia, the company behind GeForce graphics cards and the GeForce Now cloud gaming service, announced on November 12, 2026, that co-founder Jensen Huang has resigned as president, chief executive officer and member of the board, effective immediately. According to NBC News, a company spokesperson said Huang will not work with Nvidia in any capacity going forward.
What is known
Colette Kress, executive vice president and chief financial officer, will serve as interim CEO and keep her CFO duties until a permanent successor is named. She joined Nvidia in September 2013 after working at Cisco and Microsoft. The board has also appointed Harvey C. Jones, former CEO and executive chairman of Synopsys, as Nvidia’s first-ever chair of the board.
Jones said the board expects operations, customer commitments and the product roadmap to continue without interruption. Nvidia shares fell more than 11 percent after the announcement, NBC News reports. Huang co-founded the company in the early 1990s with Chris Malachowsky and Curtis Priem.
The resignation comes two days after the independent members of the board said, on November 10, that they had hired former acting U.S. attorney Joon H. Kim and the law firm Wachtell, Lipton, Rosen & Katz to carry out an independent investigation.
What is still unknown
Nvidia’s announcement does not give a reason for Huang’s departure, and the board has not said when it expects to name a permanent CEO. The company has not said whether the change will affect any upcoming GeForce launches. As VGC points out, suppliers like Nvidia carry extra weight for gaming at a time when AI demand is squeezing the supply of hardware components. Nvidia will report its third-quarter fiscal 2027 results on Tuesday, November 17, as previously scheduled.
This article was written with AI assistance from the sources linked above.
