Nvidia CEO Huang resigns; shares swing as Nebius falls despite earnings beat

The abrupt exit of a founder-CEO at a company this central to the AI trade is a governance shock, and the intraday-to-close recovery suggests the market is still pricing the succession rather than the person. The Nebius reaction is the more telling signal: a revenue beat and a delayed profitability milestone plus higher capex were punished harder than Nvidia's leadership vacuum, implying investors are now prioritizing capital discipline and timeline credibility over top-line growth in AI infrastructure names. Whether that distinction holds as interim leadership at Nvidia settles is the open question.