✅ CONFIRMED | Reuters, Nvidia Official

It's official. Jensen Huang is OUT.

After 33 years. Founder. CEO. The face of AI.

What Nvidia Announced - Nov 12:

Jensen Huang resigned as President, CEO, and Board Member - effective immediately.

No reason given in announcement.

Interim CEO: Colette Kress - CFO since 2013

New Chairman: Harvey Jones - First-ever Chairman in Nvidia history, ex-Synopsys CEO

Huang keeps 3.61% stake. 4th largest shareholder. But zero power now.

Market Reaction:

$NVDA -10% premarket, then -6.5% to $162.31

Lowest close since July 2025

$400B+ wiped this week alone

Dragged Nasdaq, $AMD, $AVGO, $TSM all down

Why Strategy Is Now In Focus:

1. Roadmap is safe, execution is not

Blackwell, Rubin, CUDA roadmap is set for years.

But Huang was the "chief conductor" - 60 direct reports, all deals went through him.

ClearBridge: "Risk is not roadmap, it's execution."

2. The Circular Money Machine Stops?

Huang bankrolled AI ecosystem:

Nvidia -> Invests in OpenAI, CoreWeave, labs -> They buy Nvidia chips

$164.5B in commitments, including $105B for OpenAI data centre.

Will Kress keep writing those cheques? Or play safe?

3. China Policy Flips

Huang was Trump's closest ally on China chips. Pushed to keep selling to China.

Without him, US export controls get stricter. China revenue = $0 anyway, but leverage is gone.

4. Earnings Nov 17 - Who Presents?

Kress has to present $108B guidance quarter.

First earnings without Jensen in 33 years. Market will judge her in 1 call.

Who Is Next Permanent CEO?

Polymarket odds:

Ian Buck - 29% - CUDA creator, engineer pick

Colette Kress - 28% - Finance, stability pick

Rene Haas, Arm CEO - 6%

Lisa Su, AMD - 2%

My take: Board will go for Co-CEO model. Kress for finance + Buck for tech. No one person can replace Jensen.

The Real Question:

Nvidia without Jensen is still Nvidia. Chips still sell. CUDA still dominates.

But is it still THE AI leader, or just another chip company?

Comment STILL LEADER or JUST CHIPS

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