Nvidia may hand interim CEO role to CFO Colette Kress
According to Semafor, Nvidia's board is considering Colette Kress as interim CEO in place of Jensen Huang. The shares fell more than 8% in after-hours trading.
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what happened
According to Semafor, as reported by Seeking Alpha, Nvidia CFO Colette Kress is being considered as interim chief executive. The board is weighing the removal of founder and CEO Jensen Huang.
No final decision has been made, but the directors are set to meet on Wednesday evening. The outlet said the board has also briefed the White House on the planned meeting.
The move follows reports of alleged improper relations between Huang and a company executive. In after-hours trading the stock dropped more than 8%, hitting a 52-week low.
why it matters
For markets, the key question is management stability at the largest chipmaker, whose shares carry substantial weight in major US indexes. A leadership change could add volatility and reshape investor expectations about the company's strategy.
market impact
Nvidia shares and the chip sector: leadership uncertainty weighs on the stock
- Nvidia shares pressure down — leadership uncertainty and an 8% after-hours drop to a 52-week low
tags
instruments
on polymarket
sources
- Nvidia board weighs CFO Colette Kress as interim CEO amid Jensen Huang scrutiny: Semafor — Seeking Alpha, 12 November 2026 at 02:38 UTC
- Nvidia’s Jensen Huang Resigns As CEO, CFO Colette Kress To Step In — Stocktwits, 12 November 2026 at 14:01 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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