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US-based Nvidia, a global leader in artificial intelligence chips and graphics processing units (GPUs), has put an end to mounting speculation regarding its next CEO to succeed founder Jensen Huang. The company emphasized that naming specific candidates at this stage is premature and that the leadership selection process has not yet reached the phase of contacting potential nominees.

Hiring an Executive Search Firm

The company revealed that its board of directors has not conducted any interviews or formal communications with potential figures, either internally or externally. Nvidia clarified that the board plans to hire a specialized executive search firm to attract suitable talent and manage the selection process according to strict criteria, away from media pressure and speculation.

The Truth Behind "Rene Haas" Talks and Rumored Names

This official stance comes in response to reports suggesting potential negotiations with Arm CEO Rene Haas to lead Nvidia. Haas has drawn particular interest given his previous tenure at Nvidia between 2006 and 2013, before taking the helm at Arm in 2022 and successfully leading its Nasdaq IPO in 2023.

Alongside Haas, tech circles have circulated several other prominent names without any official confirmation, including:

Colette Kress: Nvidia’s Chief Financial Officer (CFO).

Ian Buck: A senior executive at Nvidia.

Lisa Su: CEO of AMD.

Johny Srouji: Senior Vice President of Hardware Technologies at Apple.

Departure Fallout and Transitional Arrangements

These developments follow Jensen Huang’s departure after an illustrious career spanning over 30 years since co-founding the company in 1993, transforming it into a global AI powerhouse. As part of the transitional arrangements, the board has appointed Colette Kress as interim CEO alongside her current role as CFO until a permanent leader is chosen.

Market Impact and Calls for Huang's Return

News of Haas's potential move negatively impacted Arm’s shares on the New York Stock Exchange amid investor concerns over losing their leader during a critical expansion phase. Conversely, widespread calls have emerged from within Nvidia's ranks by employees urging Huang to return to his post—a campaign that received public backing from billionaire Elon Musk, adding further momentum to the debate surrounding the company's future.

Challenges Ahead

Nvidia’s board of directors faces a decisive test in selecting a leader with the vision and expertise required to maintain the company's dominance in the chip and data center markets, especially as competition intensifies and global investments in AI infrastructure continue to surge.