Jensen Huang's ouster likely traces back to Nvidia's risky business practices more than his personal life
A Wall Street Journal report says Jensen Huang was pushed out more over Nvidia's business practices than his personal affairs, citing a risky credit program that offered AI cloud providers and data center developers billions in financial guarantees to buy Nvidia chips, including talks with OpenAI over a $250 billion guarantee for an Ohio data center. After the deal became public and Nvidia shares fell 5%, interim CEO Colette Kress cut the OpenAI commitment in half, and Huang reportedly dismissed her as a "reporting CFO" who was "a deer in the headlights." The report also describes Huang pressuring cloud CEOs at Berlin's GTC conference with a story about a Japanese soup vendor, and CNN reporting that spy allegations involving Alice Huang rest on shaky ground.
Why it matters: It offers a detailed, sourced account of the business disputes behind Huang's departure and the scrutiny of Nvidia's circular AI deals.