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NVIDIA's board of directors announced today that co-founder Jensen Huang has resigned from his roles as president, chief executive officer, and director, effective immediately. Current executive vice president and chief financial officer Colette Kress will take over as interim CEO, while retaining her CFO position and overseeing the company’s management. The board has launched a search process for a new permanent CEO, and will consider both internal and external candidates. The 58-year-old joined NVIDIA in September 2013, marking over 13 years with the company, and is one of the core management members who have accompanied NVIDIA’s growth from a graphics chip manufacturer to a global AI chip giant. During her tenure, NVIDIA’s annual revenue rose from approximately $4.1 billion in fiscal 2013 to $215.9 billion in fiscal 2026. Prior to joining NVIDIA, Kress worked at Cisco for three years, spent 13 years at Microsoft where she served as finance head for the Server and Tools Business, and held an 8-year tenure at Texas Instruments. She has long overseen NVIDIA’s financial strategy, capital allocation, earnings disclosure, and investor relations, acting as a key representative for the company’s communications with Wall Street, and has participated in multiple quarterly earnings conference calls.

According to HTX market data, Bitcoin has fallen below $72,000.

According to data from the BIT stock platform, pre-market losses of U.S. emerging cloud services stocks have widened further following Jensen Huang's resignation as CEO of NVIDIA. The Roundhill Neocloud ETF fell 12.5%, CoreWeave dropped 13.6%, IREN declined 8.1%, and Nebius plunged 20.1%.

Following reports that Jensen Huang stepped down as Nvidia CEO, trader 0x7368 got fully liquidated on his $NVDA long, with 9,959 $NVDA ($1.54M) liquidated.

NVIDIA’s board of directors announced today that Jensen Huang is stepping down from all roles at the company—including president, chief executive officer, and board member—effective immediately. The company has not assigned him any advisory or other formal positions. Current CFO Colette Kress will serve as interim CEO, and the board has launched a formal search for a permanent successor. Huang’s current ties to NVIDIA are limited to being a major shareholder, holding approximately 3.6% of the company’s shares (previously disclosed to hold around 871 million shares, most jointly with his wife), with a large market value that places him among the top major investors. As an ordinary shareholder, he holds corresponding voting rights and economic interests, but cannot independently control the board or company decisions (NVIDIA uses a single common share structure, with no dual-class super-voting rights). NVIDIA’s statement only highlighted his 33 years of contributions, noting the company will continue building on the foundation he established, with no mention of any transitional advisor, honorary position, consulting arrangement, or other ongoing management or decision-making roles.

After reports that Jensen Huang stepped down as Nvidia CEO, a whale is adding to his $NVDA long! He currently holds a long on 60,000 $NVDA ($9.35M) and has placed limit orders to buy another 20,000 $NVDA ($3.04M) between $150.24 and $154.20. This whale also holds the largest