Jensen Huang’s abrupt resignation leaves Nvidia without the leader who shaped the company for 33 years and helped turn it into the driving force of the artificial intelligence boom. Nvidia’s stock fell 6.3% on Thursday, while CoreWeave dropped 7.5% and Nebius Group fell 18%, although the broader market reaction remained muted. Anthropic’s planned initial public offering on November 18, which could raise up to $60 billion and value the company above $1.4 trillion, is expected to be a major test for the sector. Huang’s departure could also reshape Nvidia’s support for neo-cloud companies, reduce demand for GPUs and intensify regulatory scrutiny of data centers, AI chips and open-source models in the United States.
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