Jensen Huang no longer leads Nvidia: on Thursday, November 12, 2026, the board of directors announced that he had resigned, effective immediately, as president, chief executive officer and director. Four days earlier, the same board had opened an independent inquiry after press reports about a foreign intelligence operation targeting the executive. The statement of Thursday, November 12 gives no reason: this article separates what Nvidia wrote from what media report based on anonymous sources.
Jensen Huang’s resignation: what the press release says, and does not say
Nvidia’s 8-K filing with the SEC (the form a listed company files to report a major event to the U.S. markets regulator) is dated November 12. In it, the board “accepted the resignation of Jen-Hsun Huang”, Jensen Huang’s birth name. The attached press release says: “Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately.” The filing contains no statement of disagreement, and the press release does not quote him.
| Item | What Nvidia wrote on Thursday, November 12 |
|---|---|
| Departure | Resignation as president, chief executive officer and director, effective immediately |
| Interim leadership | Colette Kress, chief financial officer since September 2013, keeps that role and runs the company until a successor is named |
| Board | Harvey C. Jones, a board member, becomes the first board chair in Nvidia’s history |
| Succession | Search for a permanent chief executive officer, internal and external candidates |
| Quarterly results | Kept for Tuesday, November 17, at about 1:20 p.m. Pacific time (10:20 p.m. in Paris) |
| Reason for the departure, inquiry | Not mentioned |
Harvey Jones, the new board chair, states there: “The Board has full confidence in Colette and the leadership team.” The SEC filing adds that the board expects business to continue without interruption. A spokesperson added that the founder would no longer work for Nvidia in any capacity, according to NBC News, which reports the sentence without quoting its exact wording.
The inquiry, from November 8 to Wachtell
On November 8, the board published a statement announcing an independent inquiry, run by a committee of independent directors and outside legal counsel. Its central passage: “While the Board has no reason to believe that either national security or NVIDIA secrets were compromised, the board’s inquiry will examine all available information.”
On November 10, the independent directors said they had retained a former interim U.S. attorney for the Southern District of New York and his firm, Wachtell, Lipton, Rosen & Katz, according to their press release. In a message to staff, the former CEO said he supported the inquiry, NBC News reports.
| Date | Event | Type of source |
|---|---|---|
| November 8 | The board announces an independent inquiry | Written statement from Nvidia |
| November 10 | The independent directors retain the Wachtell firm | Written statement from Nvidia |
| November 12 | Resignation, interim leadership | Press release and SEC filing |
According to NBC News, the resignation follows articles in the New York Times and the Financial Times that mention a U.S. government memo about an intelligence operation targeting the executive. Beijing denied it, calling the accusations baseless and aimed at smearing China. These elements remain allegations: no U.S. authority has published a conclusion to date, and Nvidia gives no reason for the departure.
What only anonymous sources claim
On the evening of November 11, the Wall Street Journal, cited by ABC News, wrote that the board was preparing to remove its chief executive, without naming its sources. The resignation confirmed the outcome, not the account of what happened behind the scenes. CNBC reports, citing an anonymous source, that the board made its decision overnight between November 11 and 12. Neither the press release nor the SEC filing confirms this detail.
None of these texts says whether the Wachtell inquiry continues after the departure. The November 12 press release does not mention it, and a search of Nvidia’s newsroom turns up no more recent statement.
Stock market and Congress: the measurable aftermath
Nvidia stock lost as much as 16% during the session on November 12 before closing down 4.3%, according to NBC News, which puts the week’s decline at about 11%, close to $500 billion in market value. The three previous sessions, as recorded by CNBC:
| Session | Change in Nvidia stock |
|---|---|
| Monday, November 9 | −4.3% |
| Tuesday, November 10 | −5.47% |
| Wednesday, November 11 | +2.87% |
| Thursday, November 12 | −4.3% (close, according to NBC News) |
On the political side, the chair of the House Foreign Affairs Committee said Jensen Huang “has agreed to come” and testify before Congress before Thanksgiving (Thursday, November 26), with the date still to be negotiated, CNBC reports. No statement from him confirms this hearing in the sources read.
For gamers, nothing has been announced about GeForce cards or chip exports to China: the board only speaks of business continuity. Shop prices have their own dynamics, covered in our article on the RTX 5080 price in France.
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