At the helm of Nvidia for 33 years, Jensen Huang resigns as CEO; CFO Colette Kress becomes interim CEO

Nvidia announced that Jensen Huang has resigned as the company's president, chief executive officer and director, effective immediately, and that current executive vice president and CFO Colette Kress will serve as interim CEO until a permanent successor is appointed. Jensen Huang co-founded Nvidia in 1993 and had led the company for 33 years; the board has launched a formal CEO search that will consider both internal and external candidates, and has appointed Harvey C. Jones, former CEO of Synopsys, as the company's first board chair in its history. After the announcement, Nvidia's premarket share price at one point fell to $150.13, down about 13.58% from the previous trading day's close; after the open the decline exceeded 10%, and as of publication it had narrowed to 4.63%. Kress has worked at Nvidia for more than 13 years and previously worked at Cisco, Microsoft and Texas Instruments. Nvidia also confirmed that it will report third-quarter fiscal 2027 results on November 17 as originally scheduled.