Nvidia faces uncertain future after Huang's exit, economists warn

Nvidia founder Jensen Huang's resignation rattled markets and drew sharp criticism from economists, who called his exit a significant loss for the AI industry. The move follows revelations of an affair with an alleged Chinese spy and a company employee. Adam Kobeissi, an investor and founder of The Kobeissi Letter, called the resignation "a critical mistake" at Web Summit Lisbon, saying more investigation time was needed. However, James Galbraith of the University of Texas argued large corporations are built to outlast their leaders, suggesting Nvidia's strength may limit long-term damage. Kobeissi warned the impact may not stay contained, as the AI boom relies on few companies, and noted private debt markets are strained. He expects Anthropic's public offering soon, with uncertainty ahead from midterm elections and policy shifts.