{
  "id": 19660560,
  "title": "Nvidia’s Jensen Huang resigns, chipmaker names CFO Colette Kress as interim CEO",
  "url": "https://urgent.news/2026/11/12/nvidias-jensen-huang-resigns-chipmaker-names-cfo-colette-kress-as",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-12T14:10:34.000Z",
  "source": {
    "name": "TechCrunch",
    "slug": "techcrunch",
    "url": "https://techcrunch.com/2026/11/12/nvidias-jensen-huang-resigns-chipmaker-names-cfo-colette-kress-as-interim-ceo/"
  },
  "original_language": "en",
  "account": "Nvidia's co-founder and CEO, Jensen Huang, has resigned from his position, according to the company's announcement on Thursday. This decision came shortly after Huang admitted to a romantic affair with a suspected Chinese spy, creating a U.S. national security crisis. In a regulatory filing, Nvidia's board accepted Huang's resignation on Wednesday. The company stated that its CFO and executive vice president, Colette Kress, will serve as interim CEO until a permanent successor is found. Kress will continue to hold her position as CFO. Following Huang's departure, Nvidia's shares experienced a nearly 12% decrease in early morning trading on Thursday, with the stock falling 19% since Friday. This decline has resulted in a market capitalization loss of over $855 billion. Huang's resignation raises concerns about the future of Nvidia's AI investments and data center expansion. Under his leadership, Nvidia had invested or committed a substantial amount of money in various AI startups and data centers, which together amounted to $99 billion in investments, $25 billion in commitments, and $36 billion in cloud service commitments. Additionally, the company had invested $2 billion each in CoreWeave and Nebius, and was considering a $2 billion investment in Nscale's West Virginia data center project. Huang's exit has thrown further uncertainty into the AI and data center industries, especially with the already existing concerns about debt levels in the sector.",
  "summary": "Nvidia gets a new chief executive, days after former CEO Jensen Huang admitted to a romantic affair with an alleged Chinese spy.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Techmeme",
        "title": "AMD shares rose 4%+ after hours after closing up 7.3%, while Broadcom gained 2.4% after hours following a 4% gain, as Nvidia's board weighs ousting CEO Huang (Financial Times)",
        "url": "https://urgent.news/2026/11/12/amd-shares-rose-4-after-hours-after-closing-up-7-3-while-broadcom",
        "published": "2026-11-12T05:25:01.000Z"
      },
      {
        "outlet": "BBC Technology",
        "title": "Who could replace Jensen Huang as Nvidia's chief executive?",
        "url": "https://urgent.news/2026/11/12/who-could-replace-jensen-huang-as-nvidias-chief-executive",
        "published": "2026-11-12T10:37:00.000Z"
      },
      {
        "outlet": "9to5Mac",
        "title": "Nvidia CEO Jensen Huang set to be fired, with Johny Srouji listed among possible replacements",
        "url": "https://urgent.news/2026/11/12/nvidia-ceo-jensen-huang-set-to-be-fired-with-johny-srouji-listed",
        "published": "2026-11-12T11:59:29.000Z"
      },
      {
        "outlet": "The National Business",
        "title": "Jensen Huang resigns as Nvidia CEO after affair with suspected Chinese spy",
        "url": "https://urgent.news/2026/11/12/jensen-huang-resigns-as-nvidia-ceo-after-affair-with-suspected",
        "published": "2026-11-12T13:57:01.000Z"
      },
      {
        "outlet": "TechSpot",
        "title": "Jensen Huang resigns as Nvidia CEO following reports of two extramarital affairs",
        "url": "https://urgent.news/2026/11/12/jensen-huang-resigns-as-nvidia-ceo-following-reports-of-two",
        "published": "2026-11-12T14:09:00.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "Nvidia appoints ex-Synopsys CEO Harvey C. Jones as its first-ever board chair; the board's Jensen Huang exit press release does not include a quote from Huang (Hayden Field/The Verge)",
        "url": "https://urgent.news/2026/11/12/nvidia-appoints-ex-synopsys-ceo-harvey-c-jones-as-its-first-ever",
        "published": "2026-11-12T14:25:37.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "A profile of interim Nvidia CEO Colette Kress, who joined in 2013 after working at Cisco and Microsoft; as CFO, Kress criticized US export controls on China (Adam Satariano/New York Times)",
        "url": "https://urgent.news/2026/11/12/a-profile-of-interim-nvidia-ceo-colette-kress-who-joined-in-2013",
        "published": "2026-11-12T14:30:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}