Jensen Huang Steps Down as Nvidia CEO; Market Value Falls Below $4 Trillion for the First Time Since 2025

Nvidia announced on Thursday 12 November 2026 (21 Aban) that Jensen Huang, its 63-year-old co-founder and chief executive, has resigned as CEO, president and board member, effective immediately. Chief Financial Officer Colette Kress, who joined in 2013, was named interim CEO while the board weighs internal and external candidates for a permanent successor. Harvey C. Jones, a former Synopsys chief executive, became the company's first board chair. Nvidia did not give a reason for the departure.

The move followed an independent board investigation into reports of Huang's relationship with a woman US officials suspect of working for Chinese intelligence, an allegation Beijing rejects. In a message to employees on 8 November, Huang acknowledged being unfaithful to his wife, and The New York Times reported a further relationship with a company vice president.

Al Jazeera reported that Nvidia's market value fell below $4 trillion for the first time since 2025 and that the stock slid roughly 10 percent in early US trading on Thursday. The company is due to report quarterly earnings on Tuesday 17 November (26 Aban).