Jensen Huang steps down as NVIDIA CEO

On November 12, 2026, Jensen Huang resigned from his positions as CEO, President, and Board Member of NVIDIA, citing an investigation into his connections with Alice Huang, a top executive at Singapore-based Megaspeed whom the US suspects of working for Chinese intelligence, and Vice President Kimberly Powell; CFO Colette Kress became interim CEO, and the company's stock fell by approximately 13%.

Compiled by Sergey KostenchukPublished 2026-11-12Updated 2026-11-12

2026-11-12 Business NVIDIA

💼 Jensen Huang steps down as NVIDIA CEO

On November 12, 2026, he resigned from his positions as CEO, President, and Board Member, citing an investigation into his connections with Alice Huang, a top executive at Singapore-based Megaspeed whom the US suspects of working for Chinese intelligence, and Vice President Kimberly Powell. The interim CEO is CFO Colette Kress. The stock fell by ~13%, losing approximately $320 billion in a single day.

🌍 The departure exposes the "key man risk" of the largest GPU supplier for AI: without a successor (Huang had 33 direct reports), investors and clients are reassessing risks, while Chinese AI companies are already securing capacity on NVIDIA chips.

👤 GPU prices and access to AI computing power depend on the leadership change. Watch for the permanent CEO (media have named Lisa Su and Rene Haas) and Huang's testimony before Congress.

Source 1: https://www.theguardian.com/technology/live/2026/nov/12/nvidia-ceo-jensen-huang-affairs-share-price-plunges-live-latest

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