Nvidia CEO Jensen Huang resigns as company shares plunge 13 per cent
Nvidia has appointed CFO Colette Kress as interim CEO following the immediate resignation of co-founder Jensen Huang.
Nvidia CEO Jensen Huang resigned as chief executive and director with immediate effect on November 12, according to BusinessLine. Following the announcement, Nvidia shares fell over 13 per cent in pre-market trading, according to The Times of India.
The company has appointed Chief Financial Officer (CFO) Colette Kress as interim CEO while it searches for a permanent successor, Nvidia said on Thursday. Huang, who owns approximately 3.61 per cent of the company, will also step down from the board.
The resignation follows reports concerning Huang's personal conduct that raised questions regarding corporate governance and the potential exposure of sensitive information, BusinessLine reported. Hindustan Times noted that the board has reportedly begun working with an external firm to find a successor.
The leadership change comes as the company prepares to release its earnings report on November 17. The Times of India reported that the share price drop took the company's market value below $4 trillion for the first time since July 2025.
Market analyst Daniela Hathorn told Reuters that Jensen Huang was seen as a frontman for AI, and his departure adds uncertainty to the market ahead of next week's earnings.