TLDR Nvidia named CFO Colette Kress interim CEO after Jensen Huang resigned on Thursday. The stock fell 6.5% to $162.31, on pace for its lowest close since July 2025. The board opened an inde
Nvidia has named Chief Financial Officer Colette Kress as interim CEO after Jensen Huang resigned on Thursday. The change takes effect immediately.
The Information reports Interim Nvidia CEO Colette Kress pushed back on a proposed $250B credit backstop for OpenAI's 8 GW data center buildout.
Nvidia later split the deal, guaranteeing around $100B so far. pic.twitter.com/OJukDUOAvO
— Wall St Engine (@wallstengine) November 12, 2026
Calls for Huang to leave grew this week after reports said he had two extramarital affairs. One was with a suspected Chinese spy, and the other was with a company executive.
On Sunday, Huang issued a statement admitting to the first affair. He apologized to his family and to Nvidia employees.
Nvidia shares fell 6.5% to $162.31 on Thursday. That put the stock on pace for its lowest close since July 8, 2025, according to Dow Jones Market Data.
Kress joined Nvidia in 2013. She regularly gives financial updates on the company’s quarterly earnings calls, so analysts and investors know her well.
Before Nvidia, she was senior vice president and CFO of Cisco’s Business Technology and Operations Finance group. She also spent 13 years at Microsoft, including a role as CFO of its Server and Tools group.
In a statement, Kress said she is committed to building on the work Huang did to turn Nvidia into what it is today. She said the focus stays on customers, partners, developers and shareholders.
New board chair Harvey Jones said the board has full confidence in Kress and the leadership team. He said the company expects operations, customer commitments and the product roadmap to continue without interruption.
The board has launched an independent investigation into the matter. It said it has no reason to believe trade secrets or national security were compromised.
Prediction market traders are already betting on who will get the permanent job. Polymarket lists Nvidia executive Ian Buck as the front-runner at 29%, with Kress close behind at about 28%.
Buck helped develop Nvidia’s CUDA computing platform. StoneX analysts called him one of the strongest internal candidates, but said he has yet to prove himself as a companywide leader.
Arm CEO Rene Haas is third at 6%. He spent seven years at Nvidia and once led its computing products business.
StoneX also named chief scientist Bill Dally and field operations chief Nick Parker as possible picks, though less likely. Outside options include Google Cloud CEO Thomas Kurian and Amazon Web Services CEO Matt Garman.
President Donald Trump wrote on social media that Apple’s Tim Cook should take the job. Ken Mahoney, CEO of Mahoney Asset Management, called that a “mega long” shot.
AMD CEO Lisa Su sits at 2% odds. StoneX dismissed a family successor, citing a lack of experience.
Goldman Sachs analysts warned that Nvidia could struggle to replace Huang’s technical vision and industry influence. Michael Landsberg of Landsberg Bennett Private Wealth Management said the stock could face more selling pressure as investors reassess the company without Huang.
The post Colette Kress Named Nvidia Interim CEO After Jensen Huang Resigns: What We Know appeared first on Blockonomi.
