Nov. 13 (CandyPulse) — The man who turned a graphics-chip maker into the engine of the AI boom is gone. Jensen Huang has resigned as Nvidia's CEO, effective immediately, after 33 years in charge. Nvidia shares fell 4.3% on Thursday, and the shock spread to AI stocks and crypto.
Key takeaways
| Item | Detail |
|---|---|
| Who left | Jensen Huang: CEO, president and board member |
| When | Nov. 12, effective immediately |
| Interim CEO | Colette Kress, who remains CFO |
| Board chairman | Harvey Jones (the company's first) |
| Reason given by Nvidia | None |
| Share price | Closed at $166.19, down 4.34% |
| Next date | Earnings call, Nov. 17 |
Nvidia gave no reason. The departure follows the independent board investigation announced on Nov. 8 into allegations involving Huang, which we reported earlier this week (background). News outlets have linked the resignation to those allegations. They remain allegations, and no findings from the board's inquiry have been published.
Colette Kress has been Nvidia's finance chief for years and is well known to investors. She takes over as interim CEO while keeping the CFO job. The board says it is considering both internal and external candidates for the permanent role.
Huang wasn't just a CEO. He was the face and strategist of the company whose chips run most of the world's AI. Losing a founder that central raises real questions: who sets the product roadmap, and do big customers and partners stay as close?
The fall was sharp but not a collapse. Shares dropped much further during the session before recovering to close down 4.3%. Nvidia's chips, order book and engineers haven't changed overnight.
AI and crypto share many of the same investors. When confidence in the AI trade wobbles, money often comes out of both. If you follow where the two meet, see CandyAgent explained.
Three dates and decisions to watch: the Nov. 17 earnings call, where Kress will face investors for the first time as interim CEO; the CEO search; and any findings from the board's investigation. We'll update this story as verified facts emerge.
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Disclaimer: This article is for information only and is not financial advice. Market figures move quickly and different data providers can show slightly different numbers. Always do your own research before making any investment decision.
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