Nvidia's CEO Resigns as Colette Kress is appointed Interim CEO
It was bound to happen
Written by Daniel Morrisey on Sunday, November 15, 2026
On Thursday Nvidia's (former) CEO and Founder, Jensen Huang resigned from Nvidia following the reports of two affairs with an alleged Chinese spy and with an Nvidia executive who reported to him.
Jensen Huang founded Nvidia in 1993 and grew the company to one of the most successful and richest companies to date, and has squeezed its way into AI as one of the main chip makers and source of compute for many AI companies. Demand for Nvidia’s Chips usually are higher than the supply for them. Nvidia’s investment portfolio is worth about $99 billion.
The press release states, “The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates,”, Apple hardware chief Johny Srouji is said to be a possible replacement, with Nvidia VP Ian Buck, AMD CEO Lisa Su, and Arm CEO Rene Haas to also be considered for the position.
“Jensen’s contributions to NVIDIA are profound. NVIDIA is one of the most consequential technology companies in the world. The Board and the company thank Jensen for his immeasurable contributions to the company and the industry.”
The press release says NVIDIA will report its third-quarter fiscal 2027 financial results on Tuesday, November 17 at 1:20 p.m. PT and followed by its earnings call at 2 p.m. PT.
Sources:
https://nvidianews.nvidia.com/news/nvidia-announces-ceo-transition
https://www.theverge.com/ai-artificial-intelligence/1031689/jensen-huang-fired-nvidia
https://x.com/nvidianewsroom/status/2120876571829662014
https://9to5mac.com/2026/11/12/jensen-huang-resigns-as-ceo-of-nvidia
https://www.macrumors.com/2026/11/12/johny-srouji-eyed-as-potential-nvidia-ceo/