NVIDIA Losses $450 Billion Following CEO's Resignation
The co-founder and CEO of the giant chip-making company , Mr. Jensen Huang has resigned office as Chief Executive of the company.
His departure immediately reverberated through the tech industry, causing NVIDIA to loose over $450 billion in market value since the leadership crisis began, and the company has shed more than $500 billion at the open market following Huang’s resignation on Thursday , November 12, 2026.
Huang's resignation came amid claims of his entanglement with a woman identified by U.S. intelligence agency as a Chinese spy.
The news has caused a massive shake in the stock market, especially to individual investors who bought shares in the company.
According to the company’s board of directors, capping a swift, stunning fall of one of the most powerful figures in the A.I. boom.
President Trump, who had defended Mr. Huang over the past week, praised him for doing a “fantastic job” atop Nvidia, which entered a moment of uncertainty without the celebrity C.E.O. whose departure immediately reverberated through the global economy.
Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, has agreed to serve as Interim Chief Executive Officer.
Kress will continue to serve as Executive Vice President and Chief Financial Officer while serving as Interim Chief Executive Officer until a permanent successor has been named.
The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates.
Kress has served as Executive Vice President and Chief Financial Officer of NVIDIA since joining the company in September 2013.
During her tenure, she has led the company’s finance organization and has played a key role in NVIDIA’s growth and evolution.
The Board of Directors appointed Harvey C. Jones as its first-ever Chair of the Board. Mr. Jones has been an entrepreneur, technology executive, and active venture investor for over 30 years, including serving as Chief Executive Officer and Executive Chairman of Synopsys.
The chair of NVIDIA board of directors, Harvey Jones said “Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position,”
he added that “She is supported by an experienced leadership team that has been instrumental in executing NVIDIA’s strategy and advancing its technology roadmap.
Prior to joining NVIDIA, the executive vice,spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft.
Priscilla Uzobuenyi
Hey 👋 Feeling stuck trying to build your character, or just keep up with life without feeling overwhelmed? Maybe you...
