According to the research reported in the article, Colette Kress was named Nvidia’s interim CEO on November 12, 2026, after Jensen Huang resigned, while retaining her position as CFO. She reportedly reduced Nvidia’s financial commitment to an OpenAI-backed Ohio data center from $250 billion to $120 billion before the deal was finalized on August 17, 2026. Her concerns focused on large-scale acquisitions and financing models, including the so-called “circular” arrangements in which partners use Nvidia’s funding to buy its chips. Nvidia’s annual revenue grew from approximately $4.13 billion in 2013 to $215.9 billion in fiscal 2026, while the company’s board now searches for a permanent CEO.
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