Nvidia announced Thursday, November 12, that Jensen Huang has resigned as president, chief executive officer, and a member of the board, effective immediately. Colette Kress, the company's chief financial officer, is interim CEO and will keep the CFO job until a permanent successor is named.
Harvey C. Jones, the former Synopsys CEO, is Nvidia's first board chair. In the same release, Jones said the board has full confidence in Kress and the leadership team, and that it expects "the company's operations, customer commitments and product roadmap to continue without interruption."
Kress has been CFO since September 2013. She said she is "committed to building on the extraordinary foundation Jensen created over the last 33 years." CNBC notes that Huang cofounded Nvidia in 1993 to make chips for computer graphics, including video games.
For people who play on GeForce hardware or on GeForce NOW, the consumer work did not pause. DLSS 5 with 3D-Guided Neural Rendering is already in Hogwarts Legacy. War Thunder gets it in mid November, and Where Winds Meet gets it on November 23. Thursday's GeForce NOW update said Warhammer 40,000: Dawn of War IV is coming to the service and launches on Steam on December 3, with 10 games added this week.
This is the company behind the GeForce cards a lot of us play on, and the cloud service a lot of us stream games through. November still has games coming, which we already laid out in Everybody's Waiting on GTA VI. Don't Sleep on the Rest of November. Nobody has announced a change to GeForce cards, GeForce NOW, or the DLSS 5 rollout.
What we don't know yet
Nvidia's release does not give a reason for the resignation. On November 10, the independent members of the board said they had retained an outside law firm for an independent investigation. The statement does not say what the investigation covers, and no official link has been made between it and Thursday's resignation.
The board has not named a permanent CEO. Earnings are still set for Tuesday, November 17, with results around 4:20 PM ET and the call at 5 PM ET, as previously scheduled. That is the first chance to hear from Kress and the board on the record, including whether they repeat the "without interruption" line for GeForce and GeForce NOW. Nobody has announced a delay or a price change.
If you are waiting on a GeForce card or you play on GeForce NOW, what do you want to hear on the November 17 earnings call? Pull up to the CXM Discord and tell us.
Your call
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