🚨 Jensen Huang steps down as NVIDIA CEO after 33 years
NVIDIA's board of directors announced on November 12, 2026, that the founder has immediately resigned from his positions as President and CEO. The interim leader is CFO Colette Kress, and former Synopsys CEO Harvey Jones became the first chairman of the board. NVDA shares dropped by approximately 13% on November 12, with the company losing around $550 billion in value. The resignation followed a scandal revealed by the NYT in late October.
🌍 The leadership change at the primary supplier of AI accelerators creates uncertainty for suppliers (TSMC, Micron), hyperscalers, and the entire GPU supply chain. The board promises to continue operations and the roadmap without pause, with a report scheduled for release on November 17.
👤 For the first time in 33 years, the company is without its founder at the helm: the personal reputation of a top executive can impact market capitalization and AI hardware prices in a single day.
Source 1: https://nvidianews.nvidia.com/news/nvidia-announces-ceo-transition