Nvidia CEO Exit Shakes AI Chip Market as Rivals Gain

noticias.uol.com.br (Portuguese) —

Jensen Huang resigned as CEO of Nvidia on November 12 following reports of extramarital affairs, including one with a suspected China spy, with CFO Colette Kress taking over as interim CEO. Rival chipmakers Broadcom, Intel, and AMD saw stock gains Thursday as investors anticipate Nvidia clients diversifying suppliers. Analysts say the leadership change could broaden customer options and reduce reliance on a single vendor. Nvidia dominates AI training chips, with Huang projecting $1 trillion in backlogged orders by year-end. The company holds a nearly 13% stake in CoreWeave, whose shares fell almost 7%, while Huang's departure raises industry-wide uncertainty.


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