12:26:21 EST Fri 13 Nov 2026
Enter Symbol
or Name
USA
CA



Nvidia CDR (CAD Hedged)
Symbol NVDA
Shares Issued 55,250,000
Close 2026-11-12 C$ 36.91
Market Cap C$ 2,039,277,500
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Globe says Nvidia CEO exit threaten to burst AI bubble

2026-11-13 07:40 ET - In the News

The Globe and Mail reports in its Friday edition that Jensen Huang has resigned as chief executive officer and from the board of Nvidia, effective immediately. The Globe's Joe Castaldo and Murad Hemmadi report that chief financial officer Colette Kress will serve as interim leader. Mr. Huang's exit raises uncertainty for Nvidia and the broader AI industry, especially as AI infrastructure spending is projected to hit $7.6-trillion (U.S.) in the next five years. Under Mr. Huang, Nvidia invested billions in its customers, boosting AI datacentre spending and increasing demand for its chips. The key question now is if Nvidia will keep investing heavily to sustain the AI boom. Michael Burry wrote on his Substack: "The threat to Nvidia and its AI ecosystem is that cash may dry up. New investments will be cautious, if they happen at all, and there could even be write-offs." Mr. Huang's exit comes at a challenging time, as AI-related stocks were already declining amid concerns about the heavy spending on datacentres needed for AI development and the financial returns required to justify those costs. The Democratic midterm election sweep raised concerns about stricter AI regulations and a slowdown in datacentre construction.

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