Nvidia's Jensen Huang Is 'Irreplaceable' And Worth $1 Trillion To The Story, Says Dan Ives Amid Support From Elon Musk, Gavin Baker And Others

Detailed summary

During a Bloomberg interview, Yorkville Ives partner Dan Ives argued that Huang remains indispensable to Nvidia and the broader U.S. technology industry.

Former Nvidia Corp. (NVDA) CEO Jensen Huang continues to remain under scrutiny over his extramarital affairs and concerns of export of AI chips to China, but prominent voices in the technology and investment worlds continue to back the longtime executive.

During an interview with Bloomberg on Friday, Yorkville Ives partner Dan Ives argued that Huang remains indispensable to Nvidia and the broader U.S. technology industry, even as the controversy raises questions about the company's exposure to geopolitical tensions.

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Nvidia shares fell more than 2% in Friday's regular trading, declining over 1% more during the afterhours session.

Ives noted that Nvidia faces an unusually significant leadership dependency, describing Huang as potentially the most consequential executive at any company. He maintained that Huang's importance to Nvidia's AI ambitions outweighs the immediate concerns surrounding the controversy.

"Jensen's worth $1 trillion to the story," Ives said, adding that he continues to see Nvidia as a compelling investment.

"My view is there's one chip in the world view in the AI revolution, it's Nvidia," he said. "You can't change that. That's not changing."

Ives also suggested that Huang's ability to maintain relationships across the global technology industry makes him particularly difficult to replace.

He identified Apple Inc. (AAPL) CEO Tim Cook, Palo Alto Networks Inc. (PANW) CEO Nikesh Arora and Alphabet Inc. (GOOG, GOOGL) CEO Sundar Pichai as executives who could play important roles in representing the U.S. technology industry.

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