Nvidia, whose chips power most of today's AI systems, announced on 12 November 2026 that Jensen Huang has resigned as President, Chief Executive Officer and board member, effective immediately. Colette Kress, who remains Chief Financial Officer, is serving as interim CEO until a permanent successor is named. The board now has its first-ever chair, Harvey C. Jones, and will consider internal and external candidates for the top job.
Nvidia shares fell about 10% at the open after the announcement. The company confirmed it will report third-quarter fiscal 2027 results as scheduled on 17 November.
Why it matters beyond the stock market
Huang had led Nvidia since its founding in 1993 and was one of the most recognisable figures in AI. A leadership change at the company holding most of the AI chip market adds uncertainty to compute pricing and availability, product roadmaps and relationships with major customers. The services small and mid-sized businesses use every day rely on all of these.
What it means for companies adopting AI
- Don't tie processes to one vendor. The automations we build for clients run through standard interfaces, so an AI model or service can be swapped without rebuilding the whole process.
- Track cost per use. If compute prices move, companies that know what each automated task costs can react faster.
- Don't wait for certainty. The time saved by a well-designed automation doesn't depend on who runs a chipmaker.
If you are considering automating enquiries, documents or reporting, see our AI automation catalogue.