What smart people in business and tech are saying about Jensen Huang’s ouster

Hugging Face CEO Clem Delangue said, “This whole thing sucks.”

“I wish none of it had happened. It’s a really sad day!” Delangue wrote on social media.

Delangue, whose company Nvidia agreed to acquire for roughly $12.9 billion, said that he’ll continue to fight for open-source AI.

“I want to make one thing clear: we’ll keep fighting for open-source AI, harder than ever,” he wrote. “This is too important to slow down now. Let’s go!”

Tech megabull Dan Ives said that Nvidia’s board “had no choice.”

“Time to look forward for Nvidia without Jensen,” Ives wrote on X. “Dark chapter for Jensen and Nvidia.”

Ives also pointed to his earlier statement about what he expects the stock to do without Huang at the helm, which was published before the resignation was announced.

“We see the stock valuation at $225 without Jensen ($300 with Jensen as CEO).”

President Donald Trump suggested a familiar name to take Huang’s place.

“NOW THAT Nvidia CEO JENSEN HUANG, who has done a fantastic job, has resigned, there is only one man to take his place – TIM COOK of Apple. A Legend replaces a Legend!” Trump wrote in a post on Truth Social.

Cook stepped down as Apple CEO in September.

Former Goldman Sachs CEO Lloyd Blankfein waxed poetic about the moment.

“Sad about Jensen. Shakespearean,” Blankfein wrote on X. “But as de Gaulle said, ‘The graveyards are filled with indispensable men.'”

(While the quote is often attributed to the legendary French statesman Charles de Gaulle, at least one researcher has raised questions about its origins.)

Sen. Elizabeth Warren of Massachusetts, who is likely to chair the powerful Senate Banking Committee, said Huang’s resignation won’t end Congress’ desire for answers.

“Jensen Huang’s decision to resign from NVIDIA does not absolve him, other executives, or the company as a whole of responsibility for putting our national security at risk or for any potential violations of our laws,” Warren wrote on X.

Sequoia Capital partner Shaun Maguire said Huang will “leave a huge void, with the loss of a: technical, aggressive, founder-CEO.”

“The American AI community needs to work double-time in an attempt to fill this void,” Maguire wrote in a lengthy post on X.

Maguire said, “Infidelity is obviously bad,” but Huang’s “contributions to American innovation and AI leadership cannot be overstated.”

CNBC anchor Jim Cramer, who has interviewed Huang on several occasions, said Nvidia had no choice.

“It had to happen. There’s way too much evidence,” Cramer said on CNBC after the news became official.

Cramer praised Kress who the board named as Nvidia’s interim leader.

“I like Colette very much,” he said. “I think she’s going to be terrific in trying to figure out where the pieces are.

Investor Martin Casado called Thursday a “Dark, dark day.”

“Horrible decision for the U.S. and the western world,” he wrote on X.

Ross Gerber said Huang’s departure is “certainly a low moment for us long term Nvidia investors.”

“Jensen has resigned which is sadly the correct action in this case. Nvidia needs to be bigger than one man,” Gerber wrote on X. “AI will go on and Nvidia will continue to be the core player.”

Gerber compared the moment to when Steve Jobs stepped away from Apple.

“I was around when Jobs died, and many thought it was the end of Apple,” Gerber wrote. “It was only the beginning.”

Gene Munster, a tech analyst and managing partner at Deepwater Asset Management, said in an X post that Nvidia will rebound.

“The unknown is now known,” Munster wrote. “This morning $NVDA will gap down ($150 floor) on the Jensen news, then rallies as the market focuses on what actually matters.”

Munster said Nvidia’s earnings next Tuesday should confirm his view.

“AI demand is still accelerating,” he wrote. “Nvidia GPUs remain the clear winners.”

Investor Sarah Guo said that Huang’s ouster is “a big loss.”

Before the news was announced, Guo described the Nvidia founder as “one of the most extraordinary entrepreneurs of all time.”

“He’s bent the arc of technological progress, and the growth engine of the American economy rests on the shoulders of the company he built,” Guo wrote on Thursday.

Journalist Stephen Witt, who wrote “The Thinking Machine: Jensen Huang, Nvidia, and the World’s Most Coveted Microchip,” said Huang “was Nvidia.”

“It’s like the Bulls without Jordan,” Witt said on CNBC on Thursday, alluding to NBA legend Michael Jordan’s retirement after winning six titles in Chicago. “I don’t know how they are going to replace this guy.”

Witt said Huang’s range, from “world-class computer scientist” to deal-closer, will be difficult to replicate.

“Jensen could take a diagram of Nvidia equipment, an exploded diagram, and draw it by hand from memory,” Witt said.

Anthony Pompliano, a crypto investor and entrepreneur, wrote on X: “There is a good chance today is the bottom of the AI sell-off.”

Pompliano added, “No greater capitulation than the resignation of the CEO of the largest company in the world.”