Simona Jankowski, the vice president of Nvidia, has decided to leave the chip company after seven successful years to take on the role of CFO at a startup. In a LinkedIn post, Jankowski expressed that this decision was not an easy one to make, highlighting the growth and accomplishments she has witnessed during her time at Nvidia. She specifically mentioned the significant growth in revenue and profits, as well as the market capitalization increase of more than 20-fold. Jankowski praised Nvidia CEO Jensen Huang, stating that working with him has been a memorable experience and that the company has played a crucial role in what Huang calls a “new industrial revolution.”
Nvidia’s success has been evident in its recent market performance, as the company briefly surpassed Apple and Microsoft to become the most valuable public company in the world by market capitalization. The chipmaker reached a valuation of $2 billion, making it the first semiconductor company to achieve this milestone. However, despite reporting record fourth-quarter earnings and beating Wall Street’s expectations in the first quarter of fiscal year 2025, Nvidia’s stocks are currently experiencing a decline. This has led to a decrease in market capitalization to $3 trillion, placing it below both Microsoft and Apple.
Jankowski’s departure from Nvidia comes at a critical time for the company as it navigates market fluctuations and aims to maintain its position among the top global tech companies. With her extensive background in equity research and financial modeling, Jankowski’s move to a startup as CFO reflects her confidence in the growth potential of emerging companies in the industry. While Jankowski has not yet revealed the name of the startup she will be joining, her track record at Nvidia suggests that she will bring valuable expertise and strategic insight to her new role.
Overall, Jankowski’s departure from Nvidia and the company’s evolving market performance indicate a period of transition and adaptation in the semiconductor industry. As Nvidia continues to innovate and expand its offerings in artificial intelligence computing and other cutting-edge technologies, the company remains poised for future growth and success in the ever-changing tech landscape.
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https://qz.com/nvidia-investor-relations-finance-head-leaves-for-start-1851557405