Jensen Huang Resigns as Nvidia CEO: What It Means

Livestream hosted by Fernando Molina on the Territorio Blockchain channel.

Jensen Huang has resigned as president and chief executive officer of Nvidia after 33 years at the helm of the company, effective immediately and also leaving the board. Fernando Molina analyzes on Territorio Blockchain what has happened in just 24 hours, what is confirmed and what is not, and why this departure affects many more people than you might think: anyone who holds an S&P 500 index fund or a pension plan invested in US stocks.

What happened at Nvidia in a single day

The sequence was fast. On Wednesday, The New York Times reported a second relationship involving Huang, in this case with an Nvidia executive who reported directly to him. That same afternoon, The Wall Street Journal reported that the board was preparing his exit. On Thursday, Nvidia itself announced his departure.

What is confirmed and what is not yet

Molina separates the facts from the rumors. The resignation is on file with the regulator: the chief financial officer, Colette Kress, takes over as interim CEO, and Harvey Jones becomes the first chairman of the board in the company’s history. However, the information about the second relationship has been published by only one outlet and no one has confirmed it, so the video does not name the executive involved.

The impact on the stock market and on your wallet

Nvidia lost more than $427 billion in value in the first two sessions after the confession and has continued to fall. Bernstein cut its price target from $400 to $200, and Evercore and William Blair also downgraded their ratings. As Molina points out, if you hold an S&P 500 index fund or a pension plan invested in US stocks, you own Nvidia, whether you like it or not.

Megaspeed, Musk and two dates on the calendar

The video also reviews Elon Musk’s response to someone urging him to hire Huang, and the underlying issue, which remains open: Megaspeed. The federal investigation has been handed over to the Department of Justice, and Singapore is continuing its own. Two key dates: on Tuesday, November 17, Nvidia reports earnings, and on Wednesday, November 18, the congressional hearing is scheduled.

Frequently asked questions

Who runs Nvidia now?

Colette Kress, until now the chief financial officer, is serving as interim CEO, with Harvey Jones as chairman of the board.

Does this affect an index fund?

Nvidia is part of the major US indices, so its decline is reflected in S&P 500 index funds and in pension plans with exposure to the US stock market.

Data as of Thursday, November 12, 2026, in the afternoon, with Wall Street open.

This content is for informational purposes only and does not constitute financial advice.

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