Jensen Huang Resigns as Nvidia CEO: Who Runs the AI Giant Now, and What Happens Next

It happened faster than almost anyone expected. Jensen Huang, the co-founder who built Nvidia into the world's most important AI chip company, is no longer its CEO. Nvidia announced on Thursday, Nov. 12 that he resigned as president, CEO and board member, effective immediately. Here is who is in charge now, what is confirmed, and the big questions still hanging over the company.

Last updated: Saturday, November 14, 2026. This story is still developing.

Nvidia headquarters in Santa Clara, California

What Nvidia announced

Huang is out immediately. The board announced he resigned as president, CEO and director. The announcement did not say whether he will keep any role at the company (Nvidia press release).
Colette Kress is interim CEO. The company's CFO since 2013 keeps her CFO job while she leads, until a permanent CEO is named.
A new board chair. Harvey C. Jones, a director since 1993 and former Synopsys CEO, becomes Nvidia's first-ever board chair.
A search is on. The board will consider both internal and external candidates. Fortune reported an executive-search expert expects the board to look for a technologist, with Nvidia vice president Ian Buck named as a possible internal candidate (Fortune).
Business as usual, says the board. Jones said directors have full confidence in Kress and expect operations, customer commitments and the product roadmap to continue without interruption.

How we got here: the short version

Nov. 8: Huang told employees he had been unfaithful to his wife, and the board opened an independent investigation into reports that he had been the target of a foreign intelligence effort.
Nov. 9-10: Nvidia shares dropped and the board hired outside counsel. We covered the first days in our earlier report, Nvidia CEO Jensen Huang Faces Possible Ouster.
Nov. 11: The New York Times reported a relationship with a senior employee, and the Wall Street Journal reported the board was preparing to discuss Huang's future. Nvidia, Huang and the employee had not confirmed the employee report as of TechCrunch's timeline.
Nov. 12: Nvidia announced the resignation. Reuters separately reported a third alleged affair, also unconfirmed.

For the full day-by-day account, see TechCrunch's timeline.

Confirmed vs. still alleged

Confirmed:

Huang resigned, and Kress is interim CEO.
Huang admitted infidelity to his wife.
The board's independent investigation is under way.
U.S. and Singapore authorities opened investigations into Megaspeed, the cloud company at the center of the story, in 2025, over possible export violations.

Reported, but not confirmed:

That the businesswoman Huang had a relationship with, formerly of Megaspeed, worked for Chinese intelligence. U.S. officials reportedly believe so, and China's foreign ministry has called the claims groundless and a smear (Al Jazeera). We are not naming her while the claims are unproven.
The reported relationships with Nvidia employees.
Reports about the handling of Nvidia's China chip sales inside the U.S. government.

Graphic showing Nvidia's interim CEO, new board chair and earnings date after Jensen Huang's resignation

The money side: markets are watching Tuesday

Nvidia stock fell more than 4% on the day of the announcement, and on Friday the company closed below a $4 trillion market value for the first time since July 2025, according to CNBC and CNBC's Friday report. The next big test arrives soon: Nvidia will report third-quarter fiscal 2027 results on Tuesday, Nov. 17, with the call at 2 p.m. PT, as previously scheduled. It will be the first earnings call without Huang, and investors will be listening for how Kress handles questions about leadership, China sales and demand. Our Stock Market and Finance pages will follow the numbers.

Washington is not done with Nvidia

Testimony: TechCrunch reports Huang agreed to testify before Congress before Thanksgiving, expected to be a closed-door session. Bloomberg reported on Nov. 13 that House Republicans are still weighing a subpoena threat.
Senate: Sen. Tim Scott asked Huang and Commerce Secretary Howard Lutnick to testify before the Senate Banking Committee.
Democrats: Rep. Neal and Sen. Wyden announced an investigation into how the administration handled Nvidia's China chip sales. With Democrats taking over Congress in January, expect more. See our rundown of what Democrats plan after the 2026 midterms.
Export controls: Huang spent years lobbying against curbs on chip sales to China, so this episode strengthens the hand of lawmakers who want tighter limits.

What this means for readers in India

Nvidia's chips power much of the AI software people use daily, from chatbots to cloud services, so a leadership shake-up at the top reaches well beyond Silicon Valley. If AI stocks wobble, Indian IT shares and AI startups can feel it too. If you want the background on the company's hardware, read about the palm-sized Nvidia DGX Spark AI supercomputer, then see how AI is changing work in AI Is Replacing Jobs in 2026 and how much the AI name rush is worth in the $70 million AI.com sale.

Nvidia (NVDA) stock chart showing the decline after CEO Jensen Huang's resignation in November 2026

What to watch next

Tuesday, Nov. 17: Nvidia's first earnings report under interim CEO Colette Kress.
Who the board picks as permanent CEO, and whether it is an insider or an outsider.
The findings of the board's independent investigation.
Whether Huang testifies voluntarily or is subpoenaed, and what Congress does on chip export rules.
Whether Huang keeps any role at the company he co-founded in 1993.

This article reports on developments as published by the outlets linked here and is not investment advice. Allegations described above have not been proven, and the people involved have the right to respond.

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