CoreWeave fell more than 6% after hours, while AMD and Broadcom were actually climbing. What investors are selling is Jensen Huang himself—as a backer.
Nvidia has long been a major financier of AI infrastructure. Its latest earnings report listed $164.5 billion in financial commitments, including up to $105 billion for just the OpenAI data center in Ohio. If a change at the top tightens this funding approach, it could cut off financing for the data centers downstream companies are lining up to build.
I’m not joining this panic just yet. GPUs have no short-term substitutes, and revenue won’t simply vanish. The key date is the earnings report on November 17. If either the way Nvidia describes its commitments or its succession plans changes, then financing really could start to dry up. Otherwise, this is still just a personnel issue.
Nvidia has long been a major financier of AI infrastructure. Its latest earnings report listed $164.5 billion in financial commitments, including up to $105 billion for just the OpenAI data center in Ohio. If a change at the top tightens this funding approach, it could cut off financing for the data centers downstream companies are lining up to build.
I’m not joining this panic just yet. GPUs have no short-term substitutes, and revenue won’t simply vanish. The key date is the earnings report on November 17. If either the way Nvidia describes its commitments or its succession plans changes, then financing really could start to dry up. Otherwise, this is still just a personnel issue.