Nvidia CEO Jensen Huang steps down, effective immediately

Jensen Huang has resigned as Nvidia's chief executive, chairman and board member, effective immediately. The company disclosed the move Thursday in an 8-K filing with the U.S. Securities and Exchange Commission, the form public companies use to announce major changes.

Colette Kress, until now the chief financial officer, steps in as interim CEO and keeps her CFO role until a permanent successor is named. Harvey C. Jones, a former Synopsys chief executive, becomes the first board chair in Nvidia's history.

The filing gives no reason for Huang's departure and does not describe any exit terms. It also does not say whether he will keep a role at the company he had led for 33 years.

The board will search for a new CEO among internal and external candidates, and expects operations, customer commitments and the product road map to continue without interruption. Jones said the board has "full confidence" in Kress and the leadership team. Kress said the company's focus remains on customers, partners, developers and shareholders.

What it means for AI users

Nvidia makes the GPUs, the graphics processors used to train and run much of the world's artificial intelligence, so the change reaches cloud providers, data centers and developers, including those who rent that computing power from Mexico. No product or pricing change has been announced. The promise of continuity comes from the company itself, and there is no independent way to check it yet.

The first test comes Tuesday, Nov. 17, when Nvidia reports third-quarter results for fiscal 2027. The analyst call is set for 2 p.m. Pacific (4 p.m. in Mexico City).