Nvidia reportedly approached Arm CEO Rene Haas to succeed Jensen Huang
Nvidia's board reportedly reached out to Arm CEO Rene Haas about replacing Jensen Huang, the FT said, as cited by Reuters. Nvidia shares fell over 3%.
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what happened
According to the Financial Times, which Reuters cited on Friday, Nvidia's board has contacted Arm Holdings chief Rene Haas as it looks for a possible successor to Jensen Huang. Reuters could not independently confirm the report. Haas is one of several people under consideration, and there is no assurance he will get the role or accept it. Arm declined to comment, and Nvidia did not reply to a Reuters request.
Huang stepped down on Thursday after reports of extramarital relationships, one of which involved a suspected Chinese spy. The departure pushed the chipmaker into a crisis that rippled through an AI industry he helped fund.
In US trading, Arm's shares recovered some ground after the report but still dropped more than 5%. Nvidia's stock slid more than 3%.
why it matters
A leadership change at Nvidia, the largest supplier of AI accelerators, adds uncertainty for investors across the chip sector. Arm's stock is sensitive to anything about its own chief, and the market will watch who takes over at Nvidia and how strategy shifts.
market impact
Nvidia and Arm: leadership uncertainty weighs on both companies' shares
- Nvidia shares pressure down — uncertainty over Huang's successor after his exit weighs on the stock
- Arm shares pressure down — speculation about its CEO moving to Nvidia did not stop the stock from falling
tags
instruments
on polymarket
sources
- Arm's Haas approached by Nvidia board as part of CEO search, FT reports — Reuters, 13 November 2026 at 17:03 UTC
- Nvidia approached Arm CEO Haas to succeed Huang, FT reports — Reuters, 13 November 2026 at 17:13 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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