NVIDIA CEO Jensen Huang Resigns; Kress Named Interim

NVIDIA's board is searching for a permanent CEO successor after Huang stepped down as president, CEO and board member effective immediately.

Updated on Nov. 13, 2026 in Semiconductors

NVIDIA CEO Jensen Huang Resigns; Kress Named Interim

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Would you buy more AI chip stocks after this week's Nvidia shakeup?

NVIDIA announced that Jensen Huang resigned as president, CEO and board member, effective immediately. The company named CFO Colette Kress interim CEO and appointed Harvey C. Jones as its first chair.

Why it matters

The leadership change comes as investors reassess their exposure to AI hardware. Semiconductor ETFs fell roughly 4%-5% Thursday, and NVIDIA stock has dropped 11% over the past five days.

Micron's premarket share price was $792.76, down 0.71%, and it trades 6.1% below its 20-day and 16.4% below its 50-day simple moving averages. The source does not report any product specification or technical capability changes tied to the leadership transition.

The players

NVIDIA Corp.

NVIDIA is a semiconductor company known for graphics processors widely used in artificial intelligence computing.

Jensen Huang

Jensen Huang is the co-founder and longtime chief executive of NVIDIA who led the company's growth in AI hardware.

Bill Baruch

Bill Baruch is an investment analyst who commented on expected share buybacks at Micron.

The details

NVIDIA's board is searching for a permanent CEO to succeed Huang, with CFO Colette Kress serving as interim chief executive. Micron Technology edged higher in Friday premarket trading, while Micron carries a Buy consensus rating from 50 analysts.

Thursday, November 12, 2026: Jensen Huang resigned and semiconductor ETFs fell 4%-5%.
Friday, November 13, 2026: Micron edged higher in premarket trading.
Dec. 16, 2026: Micron's next estimated earnings report.

Roadmap

The leadership change follows a period in which AI-accelerator demand drove sharp gains for chipmakers including NVIDIA and Micron. Recent price divergence between the two companies suggests investors are now sorting winners from exposed names within the AI-hardware trade.

Investors holding NVIDIA, Micron or semiconductor ETFs have seen recent declines and gains that reflect the leadership change and sector repricing. Anyone tracking these holdings should review position sizes against the current volatility.

The takeaway

Leadership transitions at dominant chipmakers can quickly reprice an entire sector, so investors should watch both company announcements and ETF exposure. Diversification across semiconductor holdings can reduce the impact of a single company's governance change.