{"version":"1.9","identifier":"f7d717d8-4954-4822-a848-e5e0cf09e23f","language":"en-US","title":"Jensen Huang Is Out at Nvidia. The $2 Trillion Question Is Who Runs AI Now","layout":{"columns":7,"width":1024,"margin":32,"gutter":20},"componentLayouts":{"text":{"columnStart":0,"columnSpan":7,"maximumContentWidth":720,"margin":{"top":12,"bottom":12}},"photo":{"columnStart":0,"columnSpan":7,"margin":{"top":20,"bottom":20}}},"componentTextStyles":{"default":{"fontName":"HelveticaNeue","fontSize":18,"lineHeight":29,"textColor":"#171717"},"headline":{"fontName":"HelveticaNeue-Bold","fontSize":36,"lineHeight":42,"conditional":[{"conditions":{"maxViewportWidth":480},"fontSize":28,"lineHeight":34}]},"intro":{"fontName":"HelveticaNeue","fontSize":20,"lineHeight":28,"textColor":"#555555"},"caption":{"fontName":"HelveticaNeue","fontSize":13,"lineHeight":19,"textColor":"#666666"},"byline":{"fontName":"HelveticaNeue","fontSize":13,"lineHeight":20,"textColor":"#666666"},"body":{"fontName":"HelveticaNeue","fontSize":18,"lineHeight":29,"paragraphSpacingAfter":14,"linkStyle":{"textColor":"#00704a"}}},"metadata":{"contentGenerationType":"AI","canonicalURL":"https://567business.com/news/jensen-huang-out-nvidia-2-trillion-lost","datePublished":"2026-11-13T16:52:04.150378Z","dateModified":"2026-11-13T16:52:04.150378Z","authors":["567 Business Staff"],"excerpt":"Nvidia's co-founder left the CEO job after 33 years. The company gave no reason, its stock has shed about $2 trillion since October, and earnings land Tuesday.","thumbnailURL":"https://pub-fac99da959e344fe99d810d309cef7df.r2.dev/photos/article/f7d717d8-4954-4822-a848-e5e0cf09e23f/e33e2cfbe9c5f11178e426255fa50c21.jpg","keywords":["ai"],"generatorName":"Frog News","generatorVersion":"1.0"},"components":[{"role":"title","text":"Jensen Huang Is Out at Nvidia. The $2 Trillion Question Is Who Runs AI Now","textStyle":"headline","layout":"text"},{"role":"intro","text":"Nvidia's co-founder left the CEO job after 33 years. The company gave no reason, its stock has shed about $2 trillion since October, and earnings land Tuesday.","textStyle":"intro","layout":"text"},{"role":"byline","text":"By 567 Business Staff · AI-generated · Published November 13, 2026","textStyle":"byline","layout":"text"},{"role":"photo","URL":"https://pub-fac99da959e344fe99d810d309cef7df.r2.dev/photos/article/f7d717d8-4954-4822-a848-e5e0cf09e23f/e33e2cfbe9c5f11178e426255fa50c21.jpg","caption":"Jensen Huang on stage at Nvidia's keynote at CES 2025 in Las Vegas, January 2025. · Pronoia / Wikimedia Commons (CC0)","accessibilityCaption":"Jensen Huang on stage at Nvidia's keynote at CES 2025 in Las Vegas, January 2025.","layout":"photo"},{"role":"caption","text":"Jensen Huang on stage at Nvidia's keynote at CES 2025 in Las Vegas, January 2025. · Pronoia / Wikimedia Commons (CC0)","textStyle":"caption","layout":"text"},{"role":"body","format":"markdown","text":"Jensen Huang built the company that sells the chips behind almost every major AI model. On Thursday, November 12, Nvidia said he is stepping down as chief executive, 33 years after he co-founded it. The company's statement gave no reason, and Huang was not quoted in it, [CNBC reported](https://www.cnbc.com/2026/11/12/nvidia-jensen-huang-ceo-live-updates.html).\n\nThe exit ends six weeks that erased about $2 trillion of Nvidia's market value. It also leaves the AI industry's most important supplier without a permanent leader five days before it reports earnings.\n\n## What Nvidia has confirmed\n\nChief financial officer Colette Kress is now interim CEO and keeps her finance role. She joined Nvidia in 2013. Harvey Jones, a director since 1993, became the company's first board chair.\n\n\"The Board has full confidence in Colette and the leadership team,\" Jones said in the statement. The board will look at inside and outside candidates for the permanent job.\n\nNvidia is due to report fiscal third-quarter results on Tuesday, November 17.\n\n## What is alleged, and what is denied\n\nThe facts here come in three tiers, and they should not be mixed.\n\n**Admitted.** On November 8, Huang apologized for being \"unfaithful to my wife.\" He gave no details.\n\n**Reported, not proven.** The New York Times reported that U.S. intelligence officials believe a businesswoman linked to Megaspeed, a Singapore company that buys Nvidia chips, works for China's intelligence services. CNBC notes the U.S. government has not presented proof. China rejects the claim. The Times and Reuters have also reported relationships with two Nvidia employees. Nvidia did not respond to the Reuters report.\n\n**Denied.** Huang denies that he compromised national security or Nvidia's secrets.\n\nA person who spoke to CNBC without being named said the board decided Wednesday night to remove him. Nvidia has not said that.\n\n## The investigations\n\nNvidia's board hired the law firm Wachtell Lipton to look into the intelligence claims. Semafor reported that the Justice Department is examining whether AI servers were diverted to China. House Foreign Affairs Chair Brian Mast said Huang \"has agreed to come\" and testify, and that he would issue a subpoena if needed. Senator Tim Scott asked Huang to appear on December 3.\n\nA law firm has also filed a proposed class action for shareholders.\n\n## What the stock is telling you\n\nNvidia shares fell more than 13% when trading opened Thursday, then recovered to close down 4.3%. That left the company just above a $4 trillion value. The stock has dropped for six straight weeks, its longest losing run since 2012.\n\nTwo details stand out.\n\nFirst, small investors bought the dip. Retail traders put a net $111 million into the stock in the first 30 minutes, more than 40 times a normal open, according to Vanda Research figures cited by CNBC.\n\nSecond, Wall Street cut its numbers. Baird lowered its price target from $500 to $200 and moved to neutral. Cantor's CJ Muse cut his target from $350 to $250 but kept a buy-equivalent rating. KeyBanc's John Vinh wrote that the departure \"represents a material increase in strategic, organizational, and execution risk.\"\n\nRivals gained. AMD rose about 3% on Thursday and Broadcom more than 5%.\n\n## Why this matters beyond one company\n\nNvidia is not only a chip maker. It is also a banker to the AI boom. As of a July filing it had $36 billion in off-balance-sheet guarantees for cloud providers. It has agreed to buy $10 billion of Anthropic stock right after that company's IPO.\n\nThose deals were built on Huang's relationships. The person who inherits them has to keep customers, regulators and investors calm at the same time.\n\n## What to watch\n\n* **November 17:** Earnings, and the first call without Huang.\n* **Before Thanksgiving:** A possible House hearing.\n* **December 3:** The Senate's requested testimony date.\n* **The CEO search:** Analysts have named Kress and several senior engineers as inside candidates.\n\nThe chips still ship. The open question is whether the trust that held the AI supply chain together was in the company or in the man.","textStyle":"body","layout":"text"}]}