Jensen Huang’s resignation, announced Thursday, threatens plans to turn Nvidia’s artificial intelligence chips into financeable assets and secure $500 billion in AI infrastructure capital. After the announcement, Nvidia shares plunged more than 13% before paring their losses; chief financial officer Colette Kress was named interim CEO, and the company has not selected a permanent successor. Nvidia signed preliminary memorandums of understanding with Apollo Global Management, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to mobilize institutional investors and private capital. The proposed structures would use AI chips as collateral, but the leadership change is expected to prompt closer scrutiny, potentially resulting in tighter financing terms and slower commitments.
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