Jensen Huang Resigns as Nvidia CEO: What Happened, and How to Watch NVDA on Your TV

Jensen Huang, former Nvidia CEO, at Stanford University in April 2026 — Jensen Huang at Stanford University, April 30, 2026. Photo: Anderseidesvik via Wikimedia Commons, CC BY-SA 4.0, cropped.

Jensen Huang, who co-founded Nvidia in 1993 and ran it for more than three decades, has resigned as the company's chief executive. Nvidia announced it on Thursday, November 12, 2026, after a week of reports about his personal conduct sent the world's most closely watched chip stock sharply lower. Here is what is confirmed, what has been reported, and why NVDA is worth watching closely over the next week. Figures are as of the November 12 close.

What Nvidia Confirmed

Huang is out, effective immediately. He resigned as president, chief executive and a member of the board, Nvidia disclosed in a regulatory filing. The board accepted his resignation on Wednesday, November 11, and the company announced it the next day.
Colette Kress is interim CEO. Nvidia's chief financial officer since 2013 takes over until a permanent chief executive is named, and stays on as CFO. She has been the other main voice on Nvidia's earnings calls for years.
Nvidia has its first board chair. Harvey C. Jones, a director since 1993 and a former chief executive of Synopsys, becomes chair of the board.
The search is open. Nvidia has not named a successor or a timeline. CNBC reports the board is weighing internal and external candidates.

How It Unfolded, as Reported

Nvidia's filing does not give a reason for the resignation. News coverage ties it to a series of reports about Huang's relationships. Each item below is attributed to the outlet that reported it.

November 4. Members of three House committees asked Huang to testify, according to CNBC.
November 8. Huang apologized for being "unfaithful to my wife," without giving details, CNBC reported. The apology followed reports that he had a relationship with an executive at a company called Megaspeed. U.S. intelligence officials believe that executive is a Chinese spy, the Financial Times reported, as cited by CNBC.
November 9. The New York Times reported on contacts between Nvidia's general counsel and Commerce Department officials, and a Commerce inquiry into Megaspeed moved to the Justice Department, according to CNBC's coverage.
November 10. Nvidia's board hired the law firm Wachtell Lipton to investigate the allegations, CNBC reported.
November 11. The New York Times reported that Huang had a separate relationship with an Nvidia vice president. That night the board decided he had to go, a person familiar with the matter told CNBC. TechCrunch reports the board accepted his resignation that day.
November 12. Reuters reported a relationship with a second Nvidia employee. Nvidia announced the resignation.

A law firm has also filed a proposed securities class action against the company, CNBC reported. None of the allegations about Huang's conduct have been confirmed by Nvidia, and this article does not make any claim beyond what was reported.

Where NVDA Stock Stands

Close on November 12: $166.19, down 4.34% on the day. It opened near $151, fell as low as $148.80 and recovered through the session. At one point it was down as much as 14%, per CNBC.
Volume: about 748 million shares changed hands, roughly five times the 30-day average of about 144 million.
From the top: NVDA's record close was $239.24 on October 6, per CNBC. Thursday's close is about 31% below it.
Market value: Nvidia ended the day just above $4 trillion, CNBC reported, after losing more than $740 billion of value since the November 6 close.
Analysts: Bernstein cut its price target from $400 to $200, and Baird downgraded the stock to neutral, according to CNBC. Bernstein's Stacy Rasgon said, "We aren't really worried about near-term impacts to the business."

Why NVDA Is Worth Watching Right Now

1. Earnings on Tuesday, November 17

Nvidia reports fiscal third-quarter results as previously scheduled on Tuesday, November 17, with results at about 4:20 PM Eastern and the conference call at 5 PM Eastern. It is the first report in Nvidia's history without Huang as chief executive. Nvidia guided to $108.0 billion in revenue, plus or minus 2%, back in August. The consensus estimate is about $108.8 billion in revenue and $2.47 in earnings per share, according to MarketBeat figures cited by 24/7 Wall St. The stock fell the day after three of its last four reports.

2. The succession

Who runs Nvidia next, and how quickly the board decides, is now one of the biggest open questions in the market. Any news on the search, from the board or from reporting, can move the stock within minutes.

3. Volatility

Five-times-normal volume and a 14% intraday drop mean NVDA can look very different at lunch than it did at the open. This is a stock to check during the day, not just at the close.

4. It moves the whole market

At around $4 trillion, Nvidia is one of the largest companies in the S&P 500 and the Nasdaq-100. If you own an index fund, you own a meaningful slice of NVDA, and its swings show up in your total.

How to Keep NVDA on Your TV With MarketCast

The NVDA stock screen in MarketCast on a TV, with the price, a one-day chart, day range, 52-week range, volume, market cap, analyst ratings and NVDA news — NVDA's stock screen in MarketCast. Screenshot from earlier in 2026; prices shown are not current.

MarketCast is a stock market app built for the TV. On a week like this, it puts NVDA on the biggest screen in the room so you can follow it without picking up your phone every few minutes.

The Stream. A hands-free, full-screen show of your stocks, market movers and news that runs on its own, with a ticker tape across the bottom.
Your list. Add NVDA, and the index funds and chip stocks you care about, to your own list. Scan the QR code on the TV and add stocks from your phone.
The NVDA stock screen. Price, a chart from one day to all time, day range, 52-week range, volume, analyst ratings and the latest NVDA news, all on one screen.
Real-time prices (Premium). On a day when the stock can swing 10% before lunch, live prices matter.
Stock Wall (Premium). A grid of many stocks at once, so you can watch NVDA next to the rest of the market.
News and the Daily Brief. Headlines for the stocks you follow, plus a quick read on the market.

MarketCast is free to download on Fire TV, Google TV, Android TV and Apple TV. Real-time prices and the Stock Wall come with MarketCast Premium. Get MarketCast and add NVDA before Tuesday's report.

Sources

This article is news and general information, not financial advice, and it is not a recommendation to buy or sell any security. MarketCast is not a broker-dealer or investment adviser.

About the author: This article was written by the MarketCast team at ADAMAPPS LLC. As the developers behind MarketCast, we build tools to help everyday investors access financial data on their TVs. Our perspective comes from years of building apps across every major streaming platform. Learn more about us.