NVIDIA names Colette Kress interim CEO after Jensen Huang's resignation - cbs19.tv

Jensen Huang's departure marks NVIDIA's structural break from founder-driven to institution-driven governance. Kress, stepping in as CFO, will recalibrate the Rubin roadmap under stricter budget discipline. The three-year strategy of locking TSMC (Taiwan, China) 3nm capacity and CoWoS packaging before demand materializes will likely contract. CUDA ecosystem subsidies and open-source investments such as Triton face immediate cuts. On compliance, US export-control reviews are entering a new cycle. Decision authority over compliance-tier chips like H20 and B30 shifts from engineering to finance, accelerating a decoupling of the product line from China-market demand — paradoxically eroding global share continuity. Competitively, AMD's MI400 and Google TPU v6 are in their product-cycle upswing. NVIDIA's 12-to-18-month strategic vacuum overlaps precisely with these rivals' mass-deployment windows. Hyperscaler in-house silicon teams will exploit the gap to accelerate architecture migration away from CUDA. 12-to-24-month long-tail: CUDA's moat will not collapse, but the default-choice inertia erodes materially. NVIDIA's valuation logic shifts from AI-monopoly premium toward cyclical-semiconductor firm. A 20-to-30 percent center-of-gravity decline in market cap is a reasonable base case.