Nvidia CEO Jensen Huang to step down in big blow to AI boom

Résumé détaillé

Nov 12 (Reuters) - Nvidia CEO Jensen Huang is stepping down, leaving the AI industry without its biggest champion and clouding the future of the chipmaker he built into an AI…

Nov 12 (Reuters) - Nvidia CEO Jensen Huang is stepping down, leaving the artificial intelligence industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse.

Chief Financial Officer Colette Kress will take over as interim CEO as Nvidia looks for a permanent successor, considering both internal and external candidates, the company said on Thursday.

Huang, who co-founded Nvidia and is its fourth-largest investor with a stake of about 3.61%, will exit the board as well. Nvidia also named former Synopsys CEO and board member Harvey Jones as its first-ever board chair.

Its shares tumbled more than 12% in early trading, putting the company on course to lose about $500 billion in market value and dragging the broader market lower.

Pressure had been mounting on Huang in recent days after reports said the 63-year-old, who is married, had an affair with a Chinese businesswoman whom US authorities suspect of spying for Beijing.

Nvidia's board met on Wednesday to consider his ouster, a person familiar with the matter said, after reports earlier in the day that Huang also had an extramarital affair with a senior company executive who reported to him.

Huang's exit plunges the roughly $4 trillion company into uncertainty and threatens to disrupt an AI ecosystem that he helped bankroll by pouring Nvidia's swelling cash pile back into cloud providers, suppliers and the industry's biggest labs.

"The risk is not that Nvidia suddenly loses its technology roadmap ... that roadmap is largely visible for the next several years. The risk is execution. Jensen has been the chief conductor of an extraordinarily complex system," said Michael Feldman, portfolio manager at ClearBridge Investments.

"In a world with real bottlenecks, that coordination is a competitive advantage in itself."

Début de l'article, extrait de Euronext. Pour lire la suite, ouvrez l'article chez le média.