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Nvidia says it has not formally engaged with CEO candidates as it hires a search firm

Kalbir Talwar
Published Nov 13, 2026
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Summary:
  • Nvidia said it has not formally engaged with any potential chief executive candidates and is still choosing a firm to run the search to replace Jensen Huang.
  • The company said, "We have not formally engaged with any potential candidates," and added, "Any speculation regarding individual candidates, whether internal or external, is premature."
  • The comment followed a Financial Times report that the board approached Arm CEO Rene Haas, after which Arm shares fell nearly 10% in New York on Friday before trimming the drop.

What Nvidia said

Nvidia moved to cool the rumor mill, saying it has not yet chosen which firm will oversee the search for a successor to Jensen Huang. In a statement, the company added, "We have not formally engaged with any potential candidates," and called any chatter about specific names premature.

Why this surfaced now

The pushback came after the Financial Times reported that Nvidia's board approached Arm Holdings CEO Rene Haas about the role. That headline hit Arm hard, knocking the stock down nearly 10% in New York on Friday before it recovered part of the slide.

The leadership backdrop

On Thursday, Nvidia ended its relationship with Huang as a widening scandal emerged that referenced extramarital affairs and alleged he had been the target of a suspected Chinese spy. He led the company for three decades and turned it into a central player in the AI computing boom.

Market shifts and leadership changes remind investors to keep sharpening their decision tools. We're hosting our first ever investor livestream on 11/17 to show you how to use ChatGPT and Claude to invest like a pro, hosted by Briefs Finance CEO Jaspreet Singh. Save your seat.

What it means for your portfolio

Here is the actionable bit for investors: the board is still picking a search firm and says it has not formally engaged with candidates, so price moves tied to specific names are trading on speculation rather than confirmed steps. Expect more headline volatility in AI-adjacent stocks like Arm when rumors circulate, while Nvidia proceeds through a standard succession process.

Learning to harness new tools can give investors a calmer path through uncertainty. On 11/17, our CEO Jaspreet Singh goes live for our first ever investor livestream on how to use ChatGPT and Claude to invest like a pro. Register to join him.

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