Jensen Huang, Nvidia’s founder and historic chief executive, has stepped away from the company without a clearly established succession plan, leaving Colette Kress, its finance chief and a 13-year veteran, to serve as interim CEO. His leadership helped transform gaming graphics processors into general-purpose artificial intelligence chips, supporting a nearly 500% increase in Nvidia’s share price over five years. Demand from artificial intelligence companies and large-scale cloud operators remains strong, while Nvidia retains its position as the industry benchmark for chips despite growing competition. However, Nvidia has made or committed hundreds of billions of dollars in investments across the sector, including in OpenAI and Intel, making its financial stability a major issue for the financing of artificial intelligence. The affair involving Huang and a woman whom U.S. intelligence alleges to be a spy for China has also added a reputational crisis to this transition.
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