News · 14 November 2026 · 5 min
Jensen Huang resigns: what next for Nvidia stock and earnings
Jensen Huang resigns as Nvidia CEO: Colette Kress steps in as interim CEO, the stock falls 12.75% on the week and earnings land on 17 November. What to watch.
Updated: 14 November 2026. We will expand this after the results.
In short: Jensen Huang resigned as Nvidia's president and chief executive, and from its board, with immediate effect on 12 November 2026, and chief financial officer Colette Kress is now interim CEO. The stock closed on Friday 13 November at $162.85, 12.75% below the previous Friday's close (part of that drop came before the resignation), and dragged the Nasdaq lower. The next key date is the earnings report on Tuesday 17 November.
Why Jensen Huang resigned as Nvidia CEO: what we know
On Thursday 12 November 2026, Nvidia announced that Jensen Huang, its co-founder and chief executive for 33 years, was stepping down as president and CEO and leaving the board with immediate effect, according to the filing submitted to the SEC. The company gave no reason and named Harvey C. Jones as the first chairman of the board in its history. Days earlier, on 8 November, the board had opened an independent investigation following press reports, not confirmed by the company, that Huang may have been the target of a foreign intelligence operation; other outlets have reported a personal relationship. These are allegations, as reported by CNBC and Al Jazeera.
Colette Kress, CFO since 2013, takes on the chief executive role on an interim basis while keeping her finance brief, as the board searches for a permanent successor among internal and external candidates.
Who is Colette Kress?
Kress has been Nvidia's public face with analysts on every earnings call of the artificial intelligence era. To the market she is a familiar figure who signals continuity, but she is neither an engineer nor a founder: the open question is who will set long-term product strategy.
How Nvidia stock reacted
The shares were already falling before the resignation: after the board's statement on Sunday 8 November, they lost about 4.3% on Monday 9 and closed at $168.89 on Tuesday 10 (-5.47%), their lowest level since March. On Thursday 12, the day of the announcement, they slumped at the open and closed at $166.19 (-4.34%). On Friday 13 they shed another 2.01% to $162.85, against $186.64 on Friday 6 November, according to closing data compiled by StockTitan.
| Date | Nvidia close | Change |
|---|---|---|
| Friday 6 Nov | $186.64 | — |
| Monday 9 Nov (after board statement) | — | approx. -4.3% |
| Tuesday 10 Nov | $168.89 | -5.47% |
| Thursday 12 Nov (resignation) | $166.19 | -4.34% |
| Friday 13 Nov | $162.85 | -2.01% |
| Week | — | -12.75% |
The timeline matters: much of the damage came with the investigation, before the resignation itself. The market began pricing in a corporate governance problem, not a business one.
Wall Street on Friday 13 November: contagion in chip stocks
Friday's session opened higher on the back of a wholesale price reading (the October producer price index, PPI) that came in slightly softer than forecast: +0.3% month on month against +0.4% expected (+6.5% year on year, the highest since November 2022), according to data reported by CNBC. The rally faded as tech stocks sold off and the US 10-year Treasury yield rose above 5% (around 5.13% in the morning).
- S&P 500 (SPY): -0.36%.
- Nasdaq 100 (QQQ): -1.2%.
- Dow Jones: slightly higher (+0.1%).
- AMD: -8.75%, after rising nearly 30% over the week up to Thursday.
- Broadcom: -4.76%; Cisco: -6.24%.
Despite Friday's losses, the major indices were heading for weekly gains into the close, according to CNBC. In other words, the hit was concentrated in semiconductors and AI, not the market as a whole. You can see that sector split on our market heatmap.
Why Jensen Huang's exit matters for markets
It matters because Nvidia is one of the world's largest companies by market value and carries a heavy weight in the S&P 500 and Nasdaq 100. When a founder-CEO leaves abruptly and without explanation, the market prices in execution, strategy and customer-relationship risk, and that spills over to the whole chip sector.
Our analysis: this week's decline blends two separate things. One is key-person risk (Huang was the face of the company for customers such as the big cloud providers). The other is the macro backdrop: with the 10-year yield above 5% and futures markets betting on a Federal Reserve rate hike in December after a hotter-than-expected October CPI, valuations of growth tech stocks were already under pressure. The resignation was the trigger, not the only cause.
Nvidia earnings on 17 November: what to watch
Nvidia reports quarterly results on Tuesday 17 November, with the analyst call at 5pm New York time (11pm in mainland Spain). It will be the first time in decades that Huang is not on the call. These are the points that will move the stock:
- Revenue guidance: whether the new leadership holds or cuts its outlook for next quarter.
- Customer commentary: any sign that major AI chip buyers are delaying orders.
- Succession: timing and profile of the future chief executive.
- Internal investigation: whether the board gives details or a timeline for closing it.
Scenarios for the week
| Scenario | What would need to happen | Likely effect |
|---|---|---|
| Calm | Solid numbers and guidance, a clear message on succession | Technical rebound in Nvidia and relief across semiconductors |
| Neutral | Good numbers but unresolved doubts about leadership | High volatility with no clear trend |
| Stress | Weak guidance or fresh revelations from the investigation | More pressure on chips and on the Nasdaq |
What it means for traders and investors
For short-term traders, the key word is volatility: Nvidia's moves the day after earnings tend to be large, and this quarter the noise is greater. If you trade the Nasdaq or chip stocks via CFDs, size your position to the new range; our position size calculator helps you set your risk per trade before you enter.
For long-term investors, the question is not this week's price but whether the business depends on one person. That will not be settled on 17 November, but with the permanent appointment. Also mark the Fed meeting on 8-9 December in the economic calendar, as it shapes the whole tech sector.
Remember that trading with leverage can make you lose money faster than you expect. Read our risk warning. This article is for information only and is not a recommendation to buy or sell.
Frequently asked questions
Why did Jensen Huang resign?
Nvidia has not given an official reason. He left days after the board opened an independent investigation prompted by unconfirmed press reports of a possible foreign intelligence operation.
Who is Nvidia's new CEO?
Colette Kress, the chief financial officer, is interim CEO and also remains CFO until the board names a permanent successor.
How much has Nvidia stock fallen?
It closed on Friday 13 November at $162.85, 12.75% below Friday 6 November ($186.64); part of the fall came before the resignation, when the investigation became public.
When does Nvidia report earnings?
On Tuesday 17 November 2026, after the Wall Street close, with the call at 5pm New York time (11pm in Spain).
Has Nvidia dragged down all of Wall Street?
Mainly semiconductors and the Nasdaq. On Friday the S&P 500 (SPY) slipped 0.36% and the Dow edged higher, while the Nasdaq 100 fell 1.2%.