Nvidia RTX Spark Image © NVIDIANvidia RTX Spark (Image © NVIDIA)

To ensure business continuity, Colette Kress has been appointed interim CEO. Kress currently serves as Executive Vice President and Chief Financial Officer and will continue to hold both of these positions while overseeing the company’s day-to-day operations. Kress joined the company in September 2013 and led the finance department during a period of significant corporate expansion. Her professional career spans approximately 25 years in senior finance positions at major technology companies, notably Microsoft and Cisco.

Concurrent with the change in leadership, the board of directors has established the position of Chairman of the Board for the first time in the company’s history. Harvey C. Jones was selected for this position. Jones brings over three decades of experience as an executive in the technology industry, as an entrepreneur, and as a venture capitalist. His previous leadership experience includes, among other roles, serving as Chief Executive Officer and Executive Chairman of Synopsys.

Succession Planning

The Board of Directors has initiated a formal search for a permanent Chief Executive Officer. As part of this process, both internal candidates and external professionals are being evaluated to find a long-term successor. Despite the sudden leadership change, the company does not expect any disruption to ongoing operations. The company intends to honor its existing commitments to customers and adhere to its established product roadmap and technology strategy.

The change comes shortly before the company’s scheduled quarterly earnings release. Nvidia will announce its results for the third quarter of fiscal year 2027 on Tuesday, November 17. The financial report is expected to be released around 1:20 p.m. PT, and the subsequent earnings conference call is scheduled for 2:00 p.m. PT.

NVIDIA, Micron, SK Hynix: Stock PlungeNVIDIA, Micron, SK Hynix: Stock Plunge (Image © Smartbroker)

The AI Bubble: NVIDIA Drags the Rest Down With It

The AI bubble is bursting, and NVIDIA’s poor performance is also sending dependent companies like Micron and SK Hynix into a downward spiral. Gamers are unlikely to feel much sympathy for NVIDIA and Micron at this point, as these very companies are primarily responsible for the dire situation in the PC market.