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

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 …

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.

The news is a jolt of unwelcome uncertainty: Anthropic had said it would take $10 billion in investment from Nvidia. Nvidia's stock drop Thursday adds to a run of market jitters, and for the wider AI industry, losing Huang means losing a top financier and pitchman. Still, CEO Dario Amodei's …

He's battled with Huang for influence in Washington, particularly over chip exports to China. Huang has used his perch at Nvidia to support open-source models that compete with Anthropic's. Plus, Anthropic's diversified chip strategy looks wise.

Neither Anthropic nor Nvidia responded to requests for comment from Business Insider. Here are the short- and long-term implications of Huang's ouster for Anthropic. 4 trillion IPO. Mandeep Singh, an analyst for Bloomberg … heightened scrutiny" if Huang were removed. Colette Kress, Nvidia's chief financial officer, now leads in the interim.

Colette Kress, Nvidia's chief financial officer, now leads in the interim. "A leadership transition could prompt Nvidia's … for Anthropic's IPO pricing at around $1. $1.4 trillion, though commitments from Google and other strategic investors might limit the financing impact."

4 trillion, though commitments from Google and other strategic investors might limit the financing impact." Harrison Rolfes, an analyst for PitchBook, … overall control," he told Business Insider. "It's just: 'We made the investment, and we're good to go.

"It's just: 'We made the investment, and we're good to go.'" '" The bigger question mark, in Rolfes' … "neoclouds," or AI data center developers. The IPO prospectus listed a $45 billion agreement with Nscale and a $41 billion agreement with Lambda — both are for Nvidia chips, and both companies rely on Nvidia's support for financing.

The IPO prospectus listed a $45 billion agreement with Nscale and a $41 billion agreement with Lambda — both are for Nvidia chips, and both companies rely on Nvidia's support for financing. Rolfes expects current deals to stay, … the bureaucracy of Nvidia," Rolfes said. Kunjan Sobhani, a Bloomberg Intelligence analyst who covers Nvidia, likewise said he expects the company's commitments to remain in place, though future rounds might slow down since Huang was so instrumental in dealmaking.

Kunjan Sobhani, a Bloomberg Intelligence analyst who covers Nvidia, likewise said he expects the company's commitments to remain in place, though future rounds might slow down since Huang was so instrumental in dealmaking. Amodei and Huang's fortunes and successes were often tied at the hip. Nvidia's chip breakthroughs have enabled …

At the same time, the two had a stark and long-lasting disagreement over US chip export policy. In 2025, Amodei wrote a Wall … China, with individual Commerce Department approvals. At the Davos conference last February, Amodei likened the US administration's choice to allow certain Nvidia chips to be sold to China to "selling nuclear weapons to North Korea."

At the Davos conference last February, Amodei likened the US administration's choice to allow certain Nvidia chips to be sold to China to "selling nuclear weapons to North Korea." Huang rejected the comparison as "lunacy" … from Nvidia could weaken his influence. And the House Committee on Foreign Affairs is probing his relationship with Chinese executive Alice Huang, whose Singapore-based firm bought many Nvidia chips.