Jensen Huang’s exit rocks Nvidia and creates openings for rivals

November 12, 2026 / 3:38 PM EST / CBS News

The abrupt resignation of Nvidia CEO Jensen Huang raises questions about the strategic direction of the world's most important chipmaker and opens the door to competitors at a pivotal moment for the growing artificial intelligence business, according to technology industry experts.

"He has really created the AI revolution," Yorkville Ives and Co. tech analyst Dan Ives told CBS News. "There is no way to sugarcoat it. It's a gut punch to the industry that had so much confidence in and praise for him."

Huang resigned as CEO of Nvidia effective immediately following a scandal involving an alleged spy, the company's board of directors announced Thursday. Nvidia on Thursday appointed Chief Financial Officer Colette Kress as its interim CEO, as the company launches a search for a permanent chief executive.

Yet Huang's long-range strategic vision, unique qualities as a leader and deep connections in the tech world will be hard to replace, Ives emphasized. "The biggest fear of any competitors, as well as China, is Jensen," he said. "You take him out, and it levels the playing field for domestic chipmakers and other players globally."

Nvidia controls roughly 90% of the…

Original source: https://www.cbsnews.com/entertainment/