TLDR
- Jensen Huang resigned as Nvidia’s CEO, president, and board member, effective November 12, 2026.
- Colette Kress assumed the interim CEO position as Nvidia began searching for a permanent successor.
- Nvidia’s board appointed Harvey C. Jones as chair following Huang’s unexpected departure.
- Shares of NVDA declined more than 7% to $160.85 during Thursday’s premarket trading.
- Technical indicators showed Nvidia stock trading below its 200-day moving average of $204.47.
- Investors await Nvidia’s November 17 earnings report following the company’s $108 billion quarterly revenue forecast.
NVIDIA confirmed Thursday that Jensen Huang resigned as president, chief executive officer and director, effective immediately. The sudden departure follows several days of pressure on Nvidia stock amid questions about Huang’s conduct. Directors appointed CFO Colette Kress interim CEO and began searching for a permanent successor.
Before Thursday’s opening bell, NVDA fell more than 7% to $160.85, the Associated Press reported. That followed Wednesday’s regular-session close of $173.73, when the shares had briefly rebounded. The premarket decline adds to price weakness recorded earlier this month.
Nvidia Appoints Kress as Interim Chief
Nvidia said Kress will retain her finance responsibilities while serving as interim chief executive. She joined the company in September 2013 after previous finance roles at Cisco and Microsoft. Directors also named Harvey C. Jones the company’s first board chair.
Jones said Nvidia expects operations, customer commitments and its product roadmap to continue without interruption. The company has not announced when it expects to appoint a permanent CEO.
Huang co-founded Nvidia in 1993 and led its growth into a major supplier of AI processors. His resignation follows reports involving personal relationships and allegations of a foreign intelligence effort. Those allegations remain under investigation.
On November 8, Nvidia’s board announced an independent inquiry while expressing confidence in Huang. Two days later, it named former acting U.S. Attorney Joon H. Kim and Wachtell, Lipton, Rosen & Katz as investigators. Earlier Blockonomi reporting examined the inquiry before Nvidia announced Huang’s departure.
The board said it had no reason to believe secrets or national security were compromised. Its investigation has not established the allegations as proven facts.
NVDA Breaks Below the Watched $202 Level
As per an analysis by the Long Investor on X,$202 is potential support near Nvidia’s 200-day moving average. The trader warned of a steep correction and suggested $135 as a possible buying level. Those were forecasts, not guaranteed price outcomes.
Wall Street Numbers placed the stock’s 200-day simple moving average at $204.47 on November 11. Nvidia’s $173.73 close stood below that long-term trend indicator. Yahoo Finance recorded a $200.13 closing price on November 4. That places the cited support breach before Huang’s resignation. Neither the broken support nor Huang’s exit establishes a future trading price.
Investors now face another near-term event. Nvidia plans to publish fiscal third-quarter results on November 17. Its previous guidance projected $108 billion in quarterly revenue, plus or minus 2%. Those results will provide fresh operating figures alongside the leadership transition.
