Jensen Huang Has Resigned From Nvidia

Jensen Huang has resigned as Nvidia's president and CEO and left its board, effective immediately, Nvidia announced on Thursday, Nov 12, 2026. Nvidia gave no reason, and its announcement has no statement from Huang. Its filing with the SEC says the board accepted his resignation on Wednesday, Nov 11. Nvidia's stock opened about 14% lower on Thursday. Update, 4 PM ET: Nvidia closed Thursday at $166.19, down 4.3% for the day. Who runs Nvidia now: Chief Financial Officer Colette Kress is interim CEO and keeps her finance job, longtime director Harvey Jones is the board's first-ever chair, and the board says it is searching for a permanent CEO inside and outside the company. How it got here in two weeks: the Oct 29 New York Times report that U.S. officials believe a woman close to Huang was passing information to China (China calls it baseless; no one has been charged), Huang's Nov 8 memo admitting he was unfaithful to his wife, the board's investigation, Monday's investor lawsuit, Wednesday's Times report of a second alleged relationship, with an Nvidia executive who reports to him (not confirmed by Huang or Nvidia), and The Wall Street Journal's report that evening that the board was preparing to remove him. Those are news reports, not Nvidia's stated reason. What it means if you own an S&P 500 fund: in early November about $71 of every $1,000 was Nvidia. A 14% fall in that piece is about $10, holding every other company the same. When trading opened Thursday, funds that follow the whole S&P 500 were down less than 1%. These are opening prices, not closing prices. Still unknown: why he resigned, what the board's investigation found, and who the permanent CEO will be. Next date: Nvidia's results on Nov 17. Chapters: 0:00 The founder is out 0:28 Two weeks, five steps 1:21 Who runs Nvidia now? 2:13 Why your 401(k) cares 2:54 What nobody knows yet 3:26 Your pick Sources: • NVIDIA: NVIDIA Announces CEO Transition: https://nvidianews.nvidia.com/news/nvidia-announces-ceo-transition • SEC: NVIDIA Corporation Form 8-K, Nov 11, 2026 (the Board accepted Jensen Huang's resignation; Colette Kress interim CEO): https://www.sec.gov/Archives/edgar/data/1045810/000104581026000082/nvda-20261111.htm • CNBC: Nvidia live updates: CEO Jensen Huang resigns, Colette Kress named interim chief: https://www.cnbc.com/2026/11/12/nvidia-jensen-huang-ceo-live-updates.html • CBS News: Nvidia CEO Jensen Huang resigns in wake of affair with woman suspected of spying for China: https://www.cbsnews.com/news/nvidia-ceo-jensen-huang-resigns/ • ABC News: Nvidia CEO Jensen Huang resigns amid alleged affair with suspected spy: https://abcnews.com/Business/nvidia-ceo-jensen-huang-resigns-amid-alleged-affair/story?id=138076256 • TechCrunch: Nvidia's Jensen Huang resigns, chipmaker names CFO Colette Kress as interim CEO: https://techcrunch.com/2026/11/12/nvidias-jensen-huang-resigns-chipmaker-names-cfo-colette-kress-as-interim-ceo/ • Yahoo Finance: Nvidia (NVDA) and S&P 500 fund prices at the open, Nov 12, 2026: https://finance.yahoo.com/quote/NVDA/ • The Motley Fool: These 6 Stocks Make Up a Big Share of the S&P 500: https://www.fool.com/investing/2026/11/05/these-6-stocks-make-up-a-big-share-of-the-sp-500/ • Finnhub: closing prices for Nvidia and the S&P 500 fund (Nov 11, 2026): https://finnhub.io • Photo: Official White House Photo by Daniel Torok, Nov 18, 2025 (public domain): https://commons.wikimedia.org/wiki/File:P20251118DT-2016.jpg • BBC News (video): Nvidia reportedly weighs ousting CEO Jensen Huang as shares plunge: https://www.youtube.com/watch?v=Lymb1n_iUdQ • CBS Evening News (video): Nvidia stock tanks as sources say CEO Jensen Huang could be ousted: https://www.youtube.com/watch?v=zD8Aqczk0xI • Fortune: Report: Nvidia preparing to oust CEO Jensen Huang after affair with woman U.S. officials deemed a Chinese spy: https://fortune.com/2026/11/11/nvidia-oust-jensen-huang-spy-affairs/ • CBS News: Nvidia's board preparing to oust CEO Jensen Huang, sources say: https://www.cbsnews.com/news/nvidia-board-ceo-jensen-huang-china/ • ABC News: Nvidia board reportedly preparing to oust CEO Jensen Huang after alleged affairs: https://abcnews.com/US/nvidia-board-reportedly-preparing-oust-ceo-jensen-huang/story?id=138062059 • Yahoo Finance: Nvidia reportedly preparing to oust CEO Huang after alleged affairs with spy, Nvidia exec: https://finance.yahoo.com/technology/article/nvidia-reportedly-preparing-to-oust-ceo-huang-after-alleged-affairs-with-spy-nvidia-exec-231315876.html • The San Francisco Standard: Reports: Nvidia CEO Jensen Huang to be ousted after affairs with spy, subordinate: https://sfstandard.com/2026/11/11/jensen-huang-reportedly-fired-nvidia-board-affair-direct-report-alleged/ Charts: FRED, Federal Reserve Bank of St. Louis. Music: "Eternity" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 4.0 https://creativecommons.org/licenses/by/4.0/ Not financial advice.