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.

Not long ago, Nvidia was the world’s most valuable company. Now its future is far less certain.

Since Nvidia announced Jensen Huang’s resignation on Thursday, Wall Street analysts have been trying to size up what his departure means for the chipmaker and for the AI industry he helped build.

Huang, 63, was one of AI’s most visible champions. He fuelled the boom with advanced chips and financing deals across the supply chain. Nvidia invested in customers and suppliers, helping cloud providers and AI labs build out the infrastructure that runs on its chips.

Colette Kress, Nvidia’s finance chief since 2013, has taken over as interim CEO while the board looks for a permanent successor. Her appointment gives Nvidia a familiar face at the helm. The question for investors is whether she can keep up the pace of dealmaking that helped Huang drive the AI boom.

Dan Coatsworth, head of markets at AJ Bell, said, “Time will tell if investors warm to the approach while Nvidia searches for a permanent replacement. The AI industry is moving at an incredible pace and staying abreast of technology developments and spotting ‘tomorrow’s world’ opportunities is not easy.”

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