Nvidia has lost nearly $2tn in value. What could it be worth without Jensen Huang?
Nvidia has lost about $1.8tn (€1.6tn) in market value since its record close on 6 October. After Jensen Huang’s exit, investors are weighing whether the chipmaker can keep growing at the pace that made it the biggest name in AI.
Nvidia, once the world's most valuable company, has seen its value plummet by nearly $2tn following the news of CEO Jensen Huang's resignation. Huang, a key figure in AI development, played a crucial role in advancing the chipmaker's technology and securing financing deals, helping customers and suppliers build the necessary infrastructure.
Colette Kress, Nvidia's CFO since 2013, stepped in as interim CEO while the board searches for a permanent replacement. Analysts are unsure if Kress can maintain the pace of dealmaking that Huang established. While Huang's departure is unlikely to significantly impact Nvidia's earnings estimates for 2027 and 2028, longer-term risks arise from succession issues, dealmaking, and China-related concerns.
The company's market value has been reduced by $900bn so far, with losses mainly attributed to the spy scandal involving Huang. Despite the immediate drop, Nvidia's products remain in high demand, and the steep selloff may present a buying opportunity for some investors. However, others recommend waiting to see how the company's prospects unfold after the resignation.
Nvidia's earnings report on 17 November will provide further insights into its growth and profitability, particularly in light of how well cloud companies adhere to their spending plans and whether Nvidia can successfully deliver its new systems and finance agreements with AI customers.
Written by urgent.news from Euronews Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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