Overview
- Nvidia announced that Jensen Huang resigned and left the board on Thursday, November 12, 2026, and the board named long‑time CFO Colette Kress as interim CEO while elevating Harvey C. Jones to board chair.
- The company has hired an outside law firm to conduct an internal probe and the FBI is reported to be investigating possible national‑security violations tied to Huang’s personal contacts.
- U.S. intelligence agencies have flagged an associate linked to Huang as a suspected Chinese agent, Megaspeed — a cloud partner at the center of scrutiny — says it is cooperating with U.S. authorities and China rejects the allegations.
- Nvidia’s share price plunged to its lowest level since summer 2025 and U.S. investors have already filed lawsuits alleging failures of governance and disclosure.
- The near‑term test for the interim leadership will be the November 17 earnings report, regulators’ export‑control reviews over possible chip diversions to China, and internal fixes to compliance and reporting that could shape future sanctions or monitoring.