Gary Marcus warns Nvidia’s leadership change could disrupt AI funding

Nvidia’s reported leadership change has prompted a warning about the money supporting the AI boom. Speaking on CNBC’s Fast Money on November 12, Gary Marcus said Jensen Huang’s departure could bring a more cautious investment approach—and leave funding gaps at AI companies that depend on outside capital.

Kress takes both executive and finance duties

Huang resigned as Nvidia’s president, chief executive and board member, effective immediately, on November 12, 2026, according to Benzinga’s account of the company’s announcement. Chief Financial Officer Colette Kress became interim CEO while the board searches for a permanent successor.

Kress will retain her finance responsibilities during the transition.

Marcus questions the willingness to keep investing

Marcus, an NYU professor emeritus, described Huang as a risk-taker willing to make substantial investments across the AI industry.

“Why are we making all these bets when people are losing some confidence in the AI industry?” Marcus asked, describing the kind of question new leadership might raise.

A funding scenario, not a confirmed cut

To illustrate the risk, Marcus suggested roughly $10 billion in anticipated Anthropic funding could come from Nvidia. He then posed a hypothetical reduction to $7 billion, saying the resulting shortfall could create significant complications.

Marcus argued that large language model developers are losing money and require substantial investment to keep operating. His concern was that a financing shortfall could spread beyond an individual deal. “Any kind of move like that and the whole thing might collapse,” he said—a prediction about potential consequences, not evidence of a collapse underway.

A more optimistic view of Nvidia itself appeared in the Financial Times’ November 12 headline, which attributed to investors the expectation that the AI boom would keep lifting the company after Huang’s exit. That is a narrower proposition than confidence that Nvidia will maintain every investment supporting other AI businesses.