Jensen Huang steps down as Nvidia CEO after 33 years

Nvidia co-founder Jensen Huang is leaving the chief executive role after 33 years, with CFO Colette Kress named interim chief executive, Mettis Global reported on November 12, 2026. The leadership change follows reports about Huang’s personal relationships and questions concerning possible breaches of US export controls. Nvidia’s board has engaged law firm Wachtell Lipton to examine allegations related to intelligence concerns.

Nvidia shares fell 12.61% to $151.82 in pre-market Nasdaq trading, compared with Wednesday’s close of $173.73. Board chair Harvey Jones said the company’s operations, customer obligations and product plans are expected to carry on without disruption, while expressing confidence in Kress and the leadership team. Huang has denied compromising national security or Nvidia’s confidential information.