• NVIDIA (NASDAQ:NVDA) will convene a company-wide meeting on November 18 at 9 a.m. PT (12 PM ET), according to a memo seen by Reuters (NASDAQ:TRI), as interim CEO Colette Kress manages the fallout from Jensen Huang's abrupt departure. The memo, following Huang's resignation, acknowledged an "extraordinarily difficult period" for employees and marked Kress's first major internal address.
  • The gathering comes one day after the chipmaker's fiscal third-quarter earnings report, a timing that puts fresh financials in front of employees during the most turbulent stretch in the company's recent history.
  • Kress, who retains her CFO duties while the board hunts for a permanent chief executive, is leaning on her long tenure as the company's financial voice to calm investors and staff alike.

A Meeting With the Weight of a Succession

NVIDIA has scheduled an all-hands meeting for November 18 at 9 a.m. PT, according to a memo seen by Reuters, giving employees their first collective briefing since the board installed Colette Kress as interim chief executive. The session lands at noon Eastern and arrives just a day after the company is due to report fiscal third-quarter results, a back-to-back sequence that will shape how the workforce reads both the numbers and the new chain of command.

In a memo following Jensen Huang's resignation, Kress acknowledged an "extraordinarily difficult period" for employees. She emphasized Nvidia's critical role in the AI revolution and the important work ahead. The meeting will mark Kress's first major internal address as Nvidia navigates its leadership transition.

People familiar with the matter cautioned that the meeting should not be read as a precursor to layoffs, a sale or a broader restructuring. The confirmed upheaval so far is confined to leadership and board governance: Huang resigned as president, CEO and director after 33 years at the helm, and the company named Harvey C. Jones as its first-ever board chair.

Kress, CFO since 2013 and a fixture on NVIDIA's earnings calls alongside Huang, will carry both titles while directors weigh internal and external candidates for the permanent job. Before her appointment, eToro (NASDAQ:ETOR) analyst Josh Gilbert called her a familiar, trusted voice suited to stabilizing investor confidence—a characterization the board appears to have taken to heart.

Earnings Land First

The November 17 print will be scrutinized as much for continuity as for growth. NVIDIA's fiscal second quarter, ended July 26, delivered revenue of $96.22 billion, up 106% year over year and 18% sequentially, with Data Center revenue of $89.0 billion climbing 117%. GAAP net income reached $59.69 billion, diluted earnings per share came in at $2.46, and gross margin held at 75.0%. Guidance for the current quarter stands at $108 billion, plus or minus 2%, and explicitly assumes no Data Center compute revenue from China.

Those figures, released August 26, predate the crisis. Whether the leadership turmoil has bled into execution is the question analysts will press on Tuesday. The distinction matters: a governance crisis is confirmed, while any operating deterioration is not yet established.

How It Unraveled

The escalation was swift. On November 8, Huang publicly apologized for being unfaithful to his wife, and the board launched an independent investigation overseen by independent directors with outside counsel. That same day, the board said it had no reason to believe national security or company secrets had been compromised. By November 10, reporting described mounting political scrutiny and an FBI examination into whether Huang had been targeted by foreign intelligence, alongside allegations concerning chip shipments to China; Beijing's foreign ministry called the spy accusations "groundless." Reporting about a second relationship intensified the crisis on November 11, and the board met to weigh his future. The resignation was formalized November 12, with some accounts describing an ouster and the company's announcement framing it as a resignation.

Markets reacted violently. NVIDIA shed roughly $430 billion in market value over two sessions through November 10, and the shares fell a cumulative 9.5% across Monday and Tuesday, though those moves are historical and not a live quotation. Senators Chuck Schumer and Kevin Cramer weighed in from opposite directions, the former pressing for tighter export controls and the latter calling for Huang to step down. Allegations relayed by Reuters, originally reported by The Information, link Huang's relationship to at least $7.5 billion in chip shipments to China—claims under scrutiny, not established findings of export-control violations.

What to Watch

The near-term checkpoints are plain: Tuesday's earnings, the reported Wednesday meeting, and any further disclosure from the investigation or the CEO search. Kress's dual role offers continuity, but the harder question—who will own NVIDIA's technology strategy and customer relationships—remains open. Wedbush's Dan Ives has argued that Huang is exceptionally difficult to replace while maintaining that NVIDIA stays a foundational part of the AI industry. The company did not respond to a request for comment on the meeting's agenda.