Nvidia said at 8:48 a.m. ET on November 12, 2026, that Jensen Huang has resigned as CEO and director, effective immediately, and that its board accepted the resignation on November 11. CFO Colette Kress is interim CEO. At 9:32 a.m. ET, the stock traded 17.6% below its November 6 close of $186.64, StockTitan real-time Nasdaq data shows.
The short answer. On November 8, Nvidia's board said it had opened an independent investigation. On the evening of November 11, CNBC cited a Wall Street Journal report that the board was preparing to remove Huang.
Kress, CFO since 2013, now also runs Nvidia until the board picks a permanent CEO. Nvidia's release calls it one of the most consequential technology companies in the world. At $153.80 at 9:32 a.m.
ET, it was worth about $3.7 trillion on its latest 10-Q share count. Most of the stock's fall came before the announcement, and the shares did not recover on the official news.
On this page
Every company reporting the same week, with its date and time, is in StockTitan's Earnings Calendar for the Week of November 9, 2026.
On November 8, the board said it had opened an independent investigation. On November 10, it named outside counsel to run it. On November 11, it accepted Huang's resignation.
On Sunday, November 8, the board said it was "initiating an independent investigation in light of recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort."
The same statement said the board had "no reason to believe that either national security or NVIDIA secrets were compromised." It also said the board "has confidence in Jensen and his leadership team."
On November 10, the independent directors said they had hired a former acting U.S. Attorney and his law firm "to conduct a thorough and independent investigation."
On the evening of November 11, CNBC cited a Wall Street Journal report that the board was preparing to remove Huang, as StockTitan's live market page noted.
The board accepted his resignation on November 11, Nvidia's 8-K filing shows. On November 12 at 8:48 a.m. ET, Nvidia announced it. Nvidia has not said whether the investigation is over or what it found.
Kress, 59, has been Nvidia's finance chief since 2013. She now runs the company and keeps the finance job until the board names a permanent CEO.
Kress joined Nvidia as Executive Vice President and CFO in September 2013, Nvidia's release says. Before that she spent nearly 25 years in finance jobs at technology companies, Cisco and Microsoft among them.
The 8-K gives her age as 59. She signed it as "Interim Chief Executive Officer, Executive Vice President and Chief Financial Officer." The filing describes no change to her pay for the new role.
She is also an owner. Nvidia's 2026 proxy statement lists her with 4,443,523 shares as of March 23, 2026. Her total pay for fiscal 2026 was about $14.3 million, the proxy shows.
Her message in the release is that the work goes on. "Our focus remains on serving our customers, partners, developers and shareholders," Kress said.
Jones, 73, has sat on Nvidia's board since 1993. He is now its first ever Chair.
Jones has been Managing Partner of Square Wave Ventures, a private family office, since 2004, the 8-K says. He was CEO and Executive Chairman of Synopsys, the release says.
Before this, an independent Lead Director led the board's independent oversight. The 2026 proxy said the board chose "having an independent Lead Director, rather than a chairperson."
Jones said the board has "full confidence in Colette and the leadership team." He said it expects "the company's operations, customer commitments and product roadmap to continue without interruption."
Nvidia stock traded 17.6% below its November 6 close at 9:32 a.m. ET on November 12. Most of that fall came before the resignation was announced.
November 6 was the last close before the board's November 8 statement, at $186.64. The stock fell on November 9 and 10, then won back part of that on November 11.
By 7:59 p.m. ET on November 11, in after-hours trading, it was 14.9% below its November 6 close, StockTitan real-time Nasdaq data shows.
A minute before the release, at 8:47 a.m. ET on November 12, it was 14.8% below that close. The news did not lift it. By 9:32 a.m. ET, in the regular session, it traded at $153.80.
| When (ET) | Session | Price | Against Nov 6 close |
|---|---|---|---|
| Nov 6, close | Regular | $186.64 | Start |
| Nov 9, close | Regular | $178.67 | -4.3% |
| Nov 10, close | Regular | $168.89 | -9.5% |
| Nov 11, close | Regular | $173.73 | -6.9% |
| Nov 11, 7:59 p.m. | After hours | $158.78 | -14.9% |
| Nov 12, 8:47 a.m. | Pre-market | $158.99 | -14.8% |
| Nov 12, 9:32 a.m. | Regular | $153.80 | -17.6% |
Source: StockTitan real-time Nasdaq data, November 6 to 12, 2026.
StockTitan's live market page follows the rest of the day.
Yes. His latest filing shows about 812 million Nvidia shares, worth about $125 billion at 9:32 a.m. ET. The 8-K describes no severance or exit deal.
Huang's latest Form 4, filed September 18, 2026, lists 811,521,160 shares. He holds them directly and through family trusts and companies. That is about 3.4% of the 24.1 billion shares on the cover of Nvidia's latest 10-Q.
Leaving the board means he no longer votes on its decisions. His shares still carry their votes at shareholder meetings.
The 8-K describes no severance, separation or advisory deal for Huang. It does not say what happens to stock awards he had not yet earned. His total pay for fiscal 2026 was about $36.3 million, the proxy shows.
Nvidia says it expects no interruption to its operations or products. Its next scheduled report on the business is on November 17.
Nvidia will report its third quarter of fiscal 2027 on Tuesday, November 17, at about 1:20 p.m. PT, "as previously scheduled." The earnings call follows at 2 p.m. PT, which is 5 p.m. ET.
That quarter ended before Huang resigned. In August, Nvidia forecast revenue of $108.0 billion for it, plus or minus 2%.
The call will be the first one with Kress as interim CEO.
That is still open. The board is searching inside and outside the company and has set no date.
The release says the board "will consider internal and external candidates." Kress holds both jobs "until a permanent successor has been named." Nvidia has named no candidate.
What to watch
Our numbers
These figures are our calculations from the sources linked in this article.
Colette Kress is interim CEO. She is also still Nvidia's CFO, and holds both jobs until the board names a permanent CEO.
On November 8, Nvidia's board said it had opened an independent investigation. On the evening of November 11, CNBC cited a Wall Street Journal report that the board was preparing to remove him. On November 12 at 8:48 a.m. ET, Nvidia announced his resignation. Nvidia's release does not state a reason.
Nobody can measure what investors expected. StockTitan real-time Nasdaq data shows the stock was already 14.8% below its November 6 close at 8:47 a.m. ET, a minute before the release, and 17.6% below it at 9:32 a.m. ET. It did not rebound on the official news.
His latest Form 4, filed September 18, 2026, lists about 812 million shares, held directly and through family trusts and companies.
Nvidia has not disclosed one. Its 8-K describes no severance, separation or advisory deal.
On Tuesday, November 17, at about 1:20 p.m. PT, as previously scheduled, with its call at 2 p.m. PT.
Sources
