INTEL: Nvidia loses about $730B after Huang exit as report says he was fired
Update (12 Nov 2026, 17:22 Sofia): Nvidia has now lost about $730 billion in market value since the news broke, and a new report says Jensen Huang was fired rather than resigning.
Nvidia ($NVDA) has lost about $730 billion in market value since it emerged that Jensen Huang had left as chief executive. One report puts the company as the world’s third-largest by market value after the drop. Chief financial officer Colette Kress is serving as interim CEO.
The departure was first reported as a resignation. A later report says Huang was fired and will not serve in any capacity at Nvidia. That claim comes from a single report in the material reviewed, and it conflicts with the earlier description. It has not been confirmed by Nvidia or by a regulatory filing.
Leadership change
Kress keeps her CFO role while she leads the company on an interim basis. Reports say Huang’s departure takes effect immediately, ending a 33-year career at Nvidia. No timeline has been given for the interim arrangement.
What is not yet known
The available reports do not establish whether Huang resigned or was removed, or what the reasons were. They also do not say whether Nvidia has begun a search for a permanent chief executive. If the report that he will hold no role at the company is accurate, he would also have no board seat, but Nvidia has not said so.
Nvidia has not been quoted directly in the material reviewed here. The company’s own statement and any regulatory filing would set out the terms and the nature of the leadership change.
