Nvidia: What a Jensen Huang exit would mean for the stock
As seen on the 24/7 Wall St. homepage on November 10, 2026.
Is Jensen Huang Finished At Nvidia? | Dan Ives
- Ives puts 15% odds on Jensen Huang exiting as CEO, and sees a 25-30% drop in the stock if it happens
- Chips to China are 'done' as both parties unite on an anti-China tech stance after the midterms
- AI demand-to-supply still 4-to-1 with 75% of data centers permitted; Anthropic's IPO value halved to $1T
- CoreWeave called 'essentially an SPV for Nvidia'; Palantir and Tesla's Optimus framed as the durable bets
One person's job carries roughly a quarter of Nvidia's value, and the board review and congressional hearings are still ahead. Ives stays bullish on the AI trade itself, pointing at permitted capacity and a 4-to-1 demand-to-supply gap, while flagging CoreWeave's capital structure as the fragile link.
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Dan Ives, a partner at Yorkville Ives and one of Wall Street's most closely followed tech analysts, joined Anthony Pompliano on The Pomp Podcast to work through the Jensen Huang controversy in detail. Ives puts the odds of Huang departing as CEO at 15%, a minority scenario but not a negligible one given that a board review and congressional hearings are still ahead.
The number that frames the whole debate is Ives's estimate that an exit would trigger a 25 to 30 percent drop in Nvidia's stock. That range captures how much of the company's market value the market ascribes to Huang personally, and it explains why the leadership question is being treated as a macro event for the AI trade rather than a routine governance story.
On the demand side, Ives is not backing away from his bull case. He points to a 4-to-1 demand-to-supply gap in AI infrastructure, with 75 percent of data centers already permitted, as evidence that the buildout has durable momentum regardless of what happens at the top of Nvidia. The China question is a separate and more settled matter in his view: chip exports there are, in his word, 'done,' with both parties aligned on restricting tech access after the midterms.
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CoreWeave draws specific scrutiny in the conversation. Ives describes it as 'essentially an SPV for Nvidia,' flagging its capital structure as the fragile link in the AI supply chain. That framing matters for anyone trying to assess concentration risk in the broader infrastructure trade.
Anthropic's IPO valuation also comes up, with Ives noting it has been cut in half to roughly one trillion dollars. For the longer-duration AI trade, he frames Palantir and Tesla's Optimus robotics program as the more durable bets, positions less exposed to the leadership and export uncertainties swirling around Nvidia right now.
Sources
Mentioned: AMD, MU, MSFT, AMZN, NVDA, CRM, TSLA, PLTR, META, METAM, ORCL, OCCLL, NOW, SNOW
