Nvidia Shares Slide Again After Jensen Huang’s Exit, With Earnings Ahead

Nvidia shares fell again on Friday, November 13, as investors assessed Jensen Huang’s departure and prepared for the company’s quarterly results next week. The leadership change has added another source of uncertainty to a volatile period for artificial intelligence stocks.

The shares were down 4.3% during Friday’s session, according to an intraday Reuters report. That figure describes the decline at the time of reporting, rather than the stock’s final closing performance. Other chipmakers also faced selling pressure during the session.

Colette Kress Takes Over

Nvidia announced Huang’s resignation on November 12. Its SEC filing states that the board accepted his departure on November 11, effective immediately. He stepped down as president, chief executive and a board member.

Chief Financial Officer Colette Kress has become interim CEO and will retain her finance role while the board searches for a permanent replacement. The company will consider candidates from both inside and outside Nvidia. Harvey C. Jones has also been appointed board chair.

Kress joined Nvidia in September 2013 and has led its finance organisation through years of expansion. Her appointment puts an experienced company executive in charge during the transition, although the permanent leadership decision remains unresolved.

The board sought to reassure customers and investors that the change would not interrupt Nvidia’s business. In its announcement, it said operations, customer commitments and the product roadmap were expected to continue. That is the company’s stated expectation; the coming results and management commentary will give investors more information about execution.

Board Investigation Remains a Separate Issue

The transition follows scrutiny of Huang’s relationship with a businesswoman whom US authorities reportedly suspect of links to Chinese intelligence, according to Reuters. Those reported suspicions should not be treated as an established finding of wrongdoing by Huang.

Nvidia’s independent directors said on November 10 that they had retained former acting US Attorney Joon H. Kim and law firm Wachtell, Lipton, Rosen & Katz to conduct an independent investigation. That statement announced the investigation, rather than its conclusions.

The distinction matters for investors: a confirmed leadership departure, an ongoing investigation and allegations reported in the press are different developments. Nvidia’s transition announcement confirmed the executive changes but did not publish investigative findings.

Earnings Arrive on November 17

Nvidia will report its third-quarter fiscal 2027 results on Tuesday, November 17. The quarter ended October 25, meaning the figures cover a period before the newly announced leadership transition.

Results are scheduled for approximately 1:20 p.m. Pacific time, followed by an earnings call at 2 p.m. Management’s prepared remarks will be followed by questions from financial analysts and institutional investors.

The report will provide an immediate opportunity to separate the company’s financial performance from uncertainty surrounding its leadership. Revenue, profitability and the outlook will describe the business itself, while management’s answers may help explain how the transition will be handled.

Friday’s broader market showed the pressure on technology shares: the Nasdaq Composite finished down 0.9%, while the S&P 500 lost 0.4%. Nevertheless, both indexes recorded gains for the week. For Nvidia, attention now turns to Tuesday’s numbers and the first earnings update under its interim leadership.