Analyst Jukan said Nvidia's interim CEO may not support neoclouds enough, potentially weakening the company's growth flywheel. According to Odaily, Jukan wrote on X that Nvidia chips remain in short supply, but maintaining their scarcity premium requires continued support for emerging cloud providers, or neoclouds. If the incoming CEO takes a more cautious view of the business model, spot GPU prices could face pressure, cloud providers' margins could fall, and they could turn to alternatives such as AMD or Google's TPUs, weakening Nvidia's market position and supply-chain control.

Jensen Huang has worked to sustain Nvidia's growth flywheel, which helps expand chip demand and keep neoclouds' computing capacity utilized. Huang had hoped to step back gradually once neoclouds could independently order next-generation GPUs, but it is unclear whether his successor will wait. The Wall Street Journal reported that the current CEO appears to lack that patience.

Nvidia interim CEO and CFO Colette Kress has repeatedly objected to high-risk deals promoted by Huang, according to earlier reports. People familiar with the matter said she may take a more cautious approach. Kress had opposed a plan to provide OpenAI with up to $250 billion in credit support; the deal was later split, and Nvidia is now committed to about $100 billion. As data center projects were delayed and cloud computing deals canceled, Kress had begun diversifying Nvidia's financial exposure to a small number of customers.