Nvidia’s Jensen Huang resigns as CEO after 33 years; CFO Colette Kress is interim chief

01Who runs Nvidia now

Kress, 59, joined Nvidia as chief financial officer in September 2013, after nearly 25 years in finance roles at technology companies including Cisco and Microsoft. She keeps the finance job while she serves as interim chief executive, and signed the 8-K in both titles. The board says it will consider internal and external candidates for the permanent post.¹²

Jones, 73, has been managing partner of Square Wave Ventures, a private family office, since 2004. He co-founded Daisy Systems in 1981 and Tensilica in 1997, and between 1987 and 1998 led Synopsys, the chip-design software company, as chief executive and then executive chairman.³ Until now Nvidia had no chair. Its 2026 proxy statement describes an independent lead director, Stephen C. Neal, chosen “rather than a chairperson”, and says the board may select a chair under its governance policies.³

The Board has full confidence in Colette and the leadership team, and we expect the company’s operations, customer commitments and product roadmap to continue without interruption.

02The shares, and what comes on 17 November

The 8-K reached the SEC at 8:52am New York time on 12 November (7:22pm IST), before the market opened.⁴ Nvidia’s shares opened at US$151.01, 13.1% below the previous close of US$173.73, traded as low as US$148.80 and closed at US$166.19, down 4.34%. Volume was 747.7m shares, 2.2 times the 339.2m of the day before.⁵ In pre-market trading on Friday 13 November they stood at US$170.01 at 9:28am New York time (7:58pm IST), up 2.3%.⁶

The results arrive at about 1:20pm Pacific time on 17 November (2:50am IST on 18 November), with a call at 2pm Pacific.² In August Nvidia guided third-quarter revenue to US$108.0bn, plus or minus 2%, and gross margins to 74.0%; in the quarter before, revenue was US$96.2bn, up 106% on a year earlier.⁷ What to watch: revenue against that guide, the outlook for the fourth quarter, who speaks for the company on the call, and any word on the search for a permanent chief executive. Where Nvidia’s chips are rented by the hour is in our Trend on GPU rental prices.