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techcrunch ai · November 12, 2026

Nvidia's $3.8T valuation in limbo as Jensen Huang exits

nvidia ceo jensen huang resigned immediately, replaced by cfo colette kress, amid reports of personal misconduct. this sudden change may impact nvidia's ai chip business.

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nvidia's co-founder and ceo jensen huang resigned immediately as president, ceo, and board member. cfo colette kress became interim ceo as the company searches for a successor. huang's departure follows reports of personal misconduct, including alleged affairs. kress has worked at nvidia since 2013 and previously held roles at cisco and microsoft. she must now lead nvidia, a $3.8 trillion company crucial to the ai industry, through its quarterly earnings report on tuesday.

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