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Business Insider2026-11-13 14:04 UTC · +4 h 5 min after publication

How Jensen Huang's dramatic ouster from Nvidia affects Anthropic's $1.4 trillion IPO

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Days away from Anthropic's gigantic initial public offering, the tech industry got its biggest shock in years. Nvidia CEO Jensen Huang resigned on Thursday after news of two alleged extramarital affairs and after he was placed under investigation by the company he'd led for 33 years. His sudden downfall will …

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Huang turned Nvidia into one of the world's most influential companies by creating the computing chips that power top AI models. Huang's ouster has also become the latest twist in Anthropic's topsy-turvy IPO process, which has the AI company targeting a $1.4 trillion valuation as soon as next week.

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