{
  "id": 19676497,
  "title": "Nvidia Shares Fall as Jensen Huang Resigns, Colette Kress Named Interim CEO",
  "url": "https://urgent.news/2026/11/12/nvidia-shares-fall-as-jensen-huang-resigns-colette-kress-named",
  "topic": "world",
  "section": "World",
  "published": "2026-11-12T15:48:37.000Z",
  "source": {
    "name": "Colombia One",
    "slug": "colombia-one",
    "url": "https://colombiaone.com/2026/11/12/nvidia-shares-fall-jensen-huang-resigns-colette-kress-named-interim-ceo/"
  },
  "original_language": "en",
  "account": "Nvidia shares plummeted over 12% in early trading on Thursday, November 12, 2026, following the resignation of co-founder and CEO Jensen Huang, who had led the semiconductor company for 33 years. Interim CEO Colette Kress, known for her strong rapport with Wall Street through years of financial briefings, assumed the role as the board searched for a permanent replacement. Kress, who has been with Nvidia since 2013, held senior finance positions at Cisco, Microsoft, and Texas Instruments, demonstrating her expertise in the company's financial landscape. The board also appointed Harvey C. Jones, a long-time director, as the company's first chairman, creating a new leadership structure. This transition comes amid a turbulent week for Nvidia, which had commissioned an independent investigation following reports of Huang's affairs with a woman identified as a Chinese spy and a relationship with a vice president of healthcare. Analysts noted that replacing Huang, who played a crucial role in both the technical and commercial aspects of the company, would be a significant challenge. Maintaining execution and guiding Nvidia's technology roadmap would be among the primary concerns, as the next leader would also need to navigate the complex ecosystem of hardware development, software, manufacturing capacity, and customer relationships. The board considered both internal and external candidates for the permanent CEO position, with potential internal choices including Kress and Ian Buck. The appointment of new leadership will be closely watched by investors, as Nvidia's importance to the AI industry makes the transition relevant to major technology companies that rely on Nvidia's processors and software for AI development and operation. The next quarterly financial report on November 17 will provide Kress an early opportunity to address investors and showcase the company's financial performance and management's priorities amid the transition.",
  "summary": "Nvidia shares fell more than 12% in early trading on Thursday, Nov. 12, 2026, after co-founder Jensen Huang resigned as president and chief executive officer, ending his 33-year leadership of the semiconductor company. The board appointed Colette Kress, Nvidia’s executive vice president and chief financial officer, as interim CEO while it searches for a permanent […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}