Nvidia founder Jensen Huang steps down as chief executive

Huang's departure from the chief executive role represents a major milestone for Nvidia, which has grown to become one of the world's most valuable companies under his leadership since its founding in 1993. The company, based in Santa Clara, California, has been instrumental in supplying the computing infrastructure powering the global artificial intelligence boom, with its graphics processing units becoming essential for training and running large language models.

The executive transition comes at a critical juncture for the technology sector, as competition intensifies among chip manufacturers vying for dominance in artificial intelligence applications. Nvidia's market position has made it a focal point for both investors and policymakers examining the concentration of AI infrastructure development.

The company has not yet disclosed details regarding Huang's successor or the specific circumstances surrounding his decision to step down. Nvidia's board of directors is expected to announce additional information about the leadership succession and any changes to the company's executive structure in coming days.

Huang's three-decade tenure at Nvidia has been characterized by strategic decisions in graphics processing technology and aggressive expansion into data centre markets, positioning the company at the centre of the artificial intelligence revolution. His resignation opens a new chapter for one of the technology industry's most influential and closely watched corporations.