The downfall of Jensen Huang, AI’s $5.7 trillion man

“I’m gonna invest in you! I’m gonna invest in you!” he shouted at the founders in the crowd. “We’re not your largest investor, but we are your best investor.” Huang’s London visit was one stop on a European charm offensive that also swept through France, Sweden, and Germany. At the time, the trip had the feeling of a victory lap. Nvidia is the default supplier of the vital chips that are fueling the AI industry’s rapid growth, and with a market cap that, at one point, topped $5.7 trillion, had seeded an entire ecosystem that came to depend on Nvidia’s…