Nvidia lost $1.6 trillion after Jensen Huang's exit, but Apple's and Uber's CEO transitions offer a blueprint

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Nvidia interim CEO Colette Kress has big shoes to fill following Jensen Huang’s resignation. But the leadership transitions at Apple and Uber offer reasons for optimism.

Jensen Huang's abrupt departure from Nvidia (NASDAQ: NVDA) after 33 years at the helm has sent the chipmaker's shares tumbling. But the bigger question for investors is whether Nvidia can maintain its dominance in artificial intelligence without the man who helped build it.

Huang resigned on Nov. 12 amid an investigation into his relationship with Alice Huang, a businesswoman who U.S. intelligence agencies suspect of passing information to China. Nvidia has said it has no reason to believe company secrets or national security were compromised, although its investigation remains ongoing.

Nvidia shares have lost more than 30% from their October peak, wiping out roughly $1.6 trillion in market value.

Investors have faced this question before. In 2011, Steve Jobs stepped down as Apple (NASDAQ: AAPL) CEO, leaving Tim Cook to lead a company synonymous with its founder. Six years later, Uber (NYSE: UBER) investors forced out Travis Kalanick, paving the way for Dara Khosrowshahi to take over.

Both companies became considerably more valuable under their successors, but they took very different paths to get there.

Steve Jobs resigned as Apple CEO in August 2011, shortly after the company briefly overtook Exxon Mobil as the world's most valuable publicly traded company.

His departure raised questions about whether Apple could continue producing hit consumer products without the executive most closely associated with its success. As the Wharton School noted at the time, Cook faced the difficult task of succeeding a leader so closely identified with Apple.

He needed to "find a leadership style that fits him while keeping Apple's business strategy on a steady path," Wharton said.

Even JPMorgan analysts were uncertain, assigning the stock a "hold" rating amid concerns about the leadership transition.

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