Jensen Huang is out. His successor has the toughest job in tech
Jensen Huang is out. His successor has the toughest job in tech newspress_en Fri, 11/13/2026 - 03:45 Business & Economy Two of the world’s most valuable companies have changed bosses in recent months. They could hardly have done so more differently. At Apple, Tim Cook made way for John Ternus in September under what the iPhone-maker called a “long-term succession plan”. Nvidia’s succession plan…
Jensen Huang, the CEO of Nvidia, the world's most valuable chip designer, has resigned amid a personal scandal, leaving the company with a new interim CEO, Colette Kress. Kress, Nvidia's finance chief since 2013, inherits one of the most powerful and profitable tech companies in the world, with Nvidia's chips powering two-thirds of the global artificial intelligence computing capacity.
Nvidia's gross margins are around 75%, while its rival AMD's are 55%. Analysts expect Nvidia to generate over $400 billion in revenue this financial year, nearly double last year's total, but Kress faces the daunting task of maintaining this growth amid stiff competition from rivals like AMD, Google, and Amazon, which now design their own AI chips.
Kress will also need to navigate Nvidia's complex supply chain, as the company's production of higher-end AI systems is facing manufacturing bottlenecks. Additionally, Kress must address the political fallout from Huang's affair and accusations of ties to a Chinese agent, which have damaged Nvidia's standing in Washington.
Written by urgent.news from Al Majalla English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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