Fox News contributor Michael Pillsbury discusses the resignation of Nividia CEO Jensen Huang and the long-term controversy surrounding U.S. China policy.
Jensen Huang’s abrupt resignation as Nvidia CEO on Thursday following reports that he had multiple extramarital affairs leaves the AI giant facing an uncertain future, and a longtime company executive is stepping in as interim CEO.
Huang co-founded Nvidia in 1993 and served as its CEO until his resignation, transforming the company from a struggling startup into one of the world’s largest by market capitalization amid growing demand for its AI chips. He became a visionary and leading figure in the AI revolution.
Colette Kress, Nvidia’s CFO and executive vice president, has been named interim CEO of the company after serving as Nvidia’s CFO since September 2013.
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She has extensive experience in technology finance, having previously worked as a CFO for Cisco’s Business Technology and Operations Finance unit and was also CFO of Microsoft’s Servers and Tools division during a 13-year tenure at the software giant.
Analysts view Kress, who featured prominently in Nvidia’s quarterly earnings calls, as a steady hand who can help the company navigate a tumultuous period following the departure of its longtime leader.
Nvidia named CFO Colette Kress as the company’s interim CEO following Huang’s resignation. (Nvidia/Handout/Reuters)
Bret Kenwell, U.S. investment analyst at eToro, said that while “Huang was more than a CEO and part of the investment thesis,” the selection of longtime Nvidia executive Kress as interim CEO should “provide stability and reassurance” to investors.
“Kress is a familiar presence at Nvidia and on its conference calls, providing a recognizable voice in an already fragile situation,” Kenwell added.
Nvidia is expected to report quarterly results on Tuesday, November 17, giving Kress a first opportunity to allay investor concerns.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| NVDA | NVIDIA CORP. | 166.19 | -7.54 | -4.34% |
Dan Ives, partner and senior managing director at Yorkville Ives, said in a note that “Kress has built tremendous credibility internally and externally, and we are big fans of her strategically.”
“We always thought she would eventually become CEO of a large public technology company, but she would have to leave Nvidia after many years there,” Ives added.
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Nvidia has become the preeminent company in the AI space under Huang’s leadership and is one of the largest companies in the world by market capitalization. (Patrick T. Fallon/AFP via Getty Images)
Huang’s departure will pose further challenges for Nvidia and Kress given the level of visibility he brought to Nvidia’s AI business and his ability to broker deals around the world.
Susannah Streeter, chief investment strategist at Wealth Club, said Kress will be seen as a “safe pair of hands” who has “been brought into stable leadership, but she doesn’t have global status.”
Streeter added that it is “unlikely that Kress will be able to form such deep commercial ties, and Nvidia will now enter this period of uncertainty over strategic priorities, pricing and supply agreements.”
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Jensen Huang served as CEO of Nvidia from the time he co-founded the company in 1993 until his resignation on November 12, 2026. (Reuters/Kylie Cooper)
Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth Management, said Huang’s resignation “is the worst-case scenario of this entire saga.”
“He was not just a leader, but a visionary for the company, and while CFO Colette Kress is highly capable and respected, big questions remain about how Nvidia’s innovation will evolve without Jensen.”
Gil Luria, Managing Director of DA Davidson, said: “Kress is well respected by investors and should be able to guide Nvidia through this difficult period. »
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However, Luria cautioned that “the task is daunting, as Nvidia has been founder-led since its inception and Mr. Huang has focused much of the decision-making.”
Reuters contributed to this report.
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