Nvidia names Colette Kress interim CEO after Jensen Huang resigns - The American Bazaar

Huang's departure and Kress's appointment is not a succession—it is a regime change in Nvidia's operating DNA. A CFO stepping into the CEO chair tells the market one thing: the board now ranks capital discipline above architectural aggression. Technically, the CUDA roadmap and the Blackwell-to-Rubin production ramp will shift from disruptive to incremental. Huang's edge was bet-the-company architecture leaps with 18-month leads. Under finance-driven leadership, expect that cadence to compress into conservative quarterly deliveries. The CoWoS packaging relationship with TSMC in Taiwan, China—once personally managed at the wafer level by Huang—loses its informal escalation channel, which in a capacity-scarcity market is a decisive variable. On compliance, the absence of a founder with decades of Washington relationships weakens Nvidia's ability to navigate an expanding export-control regime. The H20 saga proved that even a "compliant" variant requires sustained CEO-level political capital to remain viable. Competitively, AMD's MI350, Broadcom's custom ASIC pipeline, and hyperscaler silicon (Trainium, TPU v6) will exploit the leadership vacuum to capture data-center share. Nvidia's moat was never purely silicon; it was Huang's personal ecosystem gravity. 12-to-24-month outlook: global AI capex growth decelerates from exponential to linear. Nvidia's gross margin faces 25-to-30-percentage-point compression as pricing power erodes without a compelling next-generation narrative to anchor the cycle.