Nvidia's Jensen Huang resigns, leaving AI industry in flux

Jensen Huang's resignation from Nvidia amid scandal removes the company's visionary leader and leaves a major void in the AI industry, where he was a kingmaker in financing deals that supported the tech boom. Under Huang, Nvidia expanded beyond chipmaking to guarantee data center deals, invest heavily in AI startups, and back companies that bought its products, including a $105 billion commitment for an OpenAI data center and a major stake in CoreWeave. Analysts say his departure raises questions about whether the ecosystem he crafted could fracture, potentially slowing industry expansion. Nvidia's CFO Colette Kress will serve as interim CEO, but replacing Huang's unique combination of technical expertise and dealmaking skill is a significant challenge. The AI industry's existing long-term agreements may sustain near-term outlook, but uncertainty over Nvidia's financing role could pressure smaller neoclouds and other tech companies to step up as capital allocators.