Nvidia's board has accepted the resignation of Jensen Huang as president, chief executive officer and board member, effective immediately. In a Form 8-K filed Nov. 12, Nvidia says Chief Financial Officer Colette Kress will serve as interim CEO while the board searches for a permanent one.

What changed

The 8-K says the board accepted Huang's resignation on Nov. 11. Nvidia announced it publicly on Nov. 12.

Kress, 59, has been executive vice president and CFO since 2013. She will keep the CFO role while she is interim CEO. She also signed the 8-K as interim CEO.

Also on Nov. 11, the board appointed Harvey C. Jones, 73, as chair. He has served on the board since 1993 and has been managing partner of Square Wave Ventures since 2004. Nvidia's release calls the post the board's first-ever chair.

What Nvidia said about the transition

Nvidia says Kress will serve until a permanent successor is named. The board will consider internal and external candidates.

In the release, Jones said: "we expect the company's operations, customer commitments and product roadmap to continue without interruption."

Kress said she is "committed to building on the extraordinary foundation Jensen created over the last 33 years."

Nvidia says it will report third-quarter fiscal 2027 results on Tuesday, Nov. 17, as previously scheduled. Results are due at about 1:20 p.m. PT, followed by a call at 2 p.m. PT.

Trump suggests Tim Cook

On Nov. 12, President Trump said Apple's Tim Cook should take Huang's place. A wire report says Trump wrote: "there is only one man to take his place," and added: "A Legend replaces a Legend!" The report describes Cook as Apple's former CEO, now its executive chairman.

This is Trump's opinion, not a step in Nvidia's process. Nvidia's release says its board will consider internal and external candidates. The report includes no response from Nvidia or Apple.

Warren: resignation does not absolve

Sen. Elizabeth Warren posted on X that Huang's decision to resign "does not absolve him, other executives, or the company as a whole of responsibility for putting our national security at risk or for any potential violations of our laws." She added: "They still owe Congress answers."

DOJ probe reported

Semafor reported, citing two administration officials, that multiple Justice Department probes could reach Nvidia. One, on antitrust grounds, is focused on the chipmaker. Two others focus on Megaspeed and Supermicro.

The report says there was no indication the DOJ would seek to charge Nvidia or Huang criminally at this time. Nvidia and the DOJ did not comment for it, and neither has confirmed a probe.

Huang agreed to testify, Mast says; Kress meets executives

House Foreign Affairs Chair Brian Mast, R-Fla., told reporters Huang "has agreed to come" before Congress ahead of Thanksgiving, CNBC reported. Mast said, "We're in negotiations for which day." The report says the hearing would likely be under oath and transcribed, and that Mast said he told Huang he would "subpoena him" if necessary.

Another entry in that same live blog says it is not yet clear whether the testimony will be public or closed-door.

TechCrunch, citing Bloomberg and NBC News, reports the testimony will be behind closed doors, though Mast expects it to be recorded on video and transcribed. We found no statement from Huang or Nvidia on it.

The same live blog says, citing an unnamed person familiar with the matter, that Kress would gather Nvidia's executive team at its Santa Clara headquarters on Nov. 12 to discuss leadership and continuity plans. Nvidia has not announced it.

A second relationship is reported

In an exclusive, Reuters reported that Huang had an intimate relationship with a second Nvidia employee, according to two people familiar with the matter. The report does not name her.

Nvidia declined to comment, the report says. It adds that Huang admitted to an affair in a Nov. 8 statement, without naming anyone. Nvidia's filing gives no reason for the resignation, and Nvidia has not confirmed this report.

What isn't announced

  • The reason for the resignation. Neither the 8-K nor the release gives one, and Nvidia has not confirmed the reported relationship.
  • A permanent successor or a timeline for the search.
  • The date or format of Huang's testimony (public or closed-door), or any DOJ confirmation of a probe.
  • Huang's future role at Nvidia, or what happens to his stake. Neither document addresses them.

What we checked

We read Nvidia's Form 8-K and Exhibit 99.1 on SEC EDGAR, Warren's post on X, and the outlet reports above. We read that exclusive on its own site at 3:26 p.m. ET. The Trump section relies on a wire report, since we could not open his Truth Social post.

The DOJ, Mast, Kress and relationship items rest on those outlets' reporting; we did not confirm them with the sources.

Related: Jensen Huang spy report, and Nvidia's China GPU supply and RTX 5090 report.