ATLAS News · Companies

Nvidia CEO Jensen Huang resigns; CFO Colette Kress named interim CEO

· 6 sources

Outlets report Jensen Huang has left as Nvidia CEO amid affair allegations, and the board has named CFO Colette Kress interim chief executive.

What happened

Jensen Huang has resigned as CEO of Nvidia, according to Yahoo Finance, CNBC, The Guardian, Axios and Reuters. CNBC reports the resignation takes effect immediately, while Bloomberg describes it as an ouster by the board.

Yahoo Finance reports the board named CFO Colette Kress as interim CEO. It says the departure follows reports that Huang had an affair with a fellow executive at the company, and that he admitted to a separate affair with a woman whom US intelligence officials believe is a Chinese spy.

Axios describes Huang as an architect of the AI boom, and Reuters calls his exit a big blow to that boom. The accounts differ on whether he stepped down or was pushed out, and the sources describe the affairs as alleged.

Context

Nvidia is a major maker of chips used in artificial intelligence, and Huang has long been closely identified with the company's public image.

Why it matters

A sudden change at the top of a company so central to the AI sector may draw close attention from investors and the broader technology market.

Stocks in this story

Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.

NVIDIANVDA

−4.34%

Technology · NASDAQ

Live price
$161.97▼ -4.34%

live price · USD

Close on November 12
$166.19−4.34% vs. previous close ($173.73)
Fair value (ATLAS)
$155.16Fair range: $112.11 to $214.75The price ($161.97) is 4.4% above that figure: close to its fair value.
Chance of a rise in 1 month
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $146.53 and $176.73; 9 in 10, between $124.10 and $208.66.
See the full ATLAS analysis of NVIDIA →

Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.

Sources

ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.

  1. Nvidia CEO Huang resigns amid affair scandals, board names CFO Colette Kress interim CEO · Yahoo Finance · November 12, 2026
  2. Nvidia CEO Jensen Huang resigns immediately · CNBC · November 12, 2026
  3. Jensen Huang resigns as Nvidia CEO after alleged affairs · The Guardian · November 12, 2026
  4. Jensen Huang, an architect of the AI boom, resigns as Nvidia CEO · Axios · November 12, 2026
  5. Nvidia CEO Jensen Huang steps down in big blow to AI boom · Reuters · November 12, 2026
  6. Huang, Face of the AI Boom, Ousted by Nvidia Board as CEO · Bloomberg.com · November 12, 2026

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