Nvidia board formally engages 0 candidates

Nvidia's board said on the 13th of November 2026 that talk about its next chief executive is premature, CNBC reported. It said it has not formally engaged any candidates.

The board is still choosing a search firm to find a permanent leader, it told CNBC.

The Financial Times report

Earlier that day, the Financial Times reported the board had approached Arm chief executive Rene Haas. It cited people familiar with the matter.

Haas is one of several candidates and may not get or take the job, the FT said. Reuters said it could not confirm the report.

Who Haas is

Haas worked at Nvidia for 7 years before joining Arm in 2013, CNBC said. He has run Arm, a British chip design firm, since 2022.

Arm declined to comment, Reuters reported.

Below we break down the market move

Nvidia shares fell more than 2 percent on Friday, pushing its value below 4 trillion dollars, CNBC reported. Arm shares were down more than 5 percent after the report, Reuters said.

A 2 percent fall on 4 trillion dollars is about 80 billion dollars, by our arithmetic.

What is confirmed and what is not

Colette Kress remains interim chief executive. She held her first meeting with top staff on Thursday, CNBC reported.

The Haas approach comes only from the FT and its unnamed sources.

Key facts

Nvidia's board said talk of individual candidates is premature.

It has not formally engaged any candidates, it said.

The FT reported the board approached Arm's Rene Haas.

Colette Kress remains interim chief executive.