Deep Tide TechFlow News, Nov. 12 — According to Forbes, Nvidia’s board is considering removing CEO Jensen Huang from his position. The investigation involves his personal relationships and potential security risks. Analysts warn that if Huang leaves, it could further rock Nvidia’s share price and the global AI industry.
Wedbush analyst Dan Ives estimates that if Huang is ousted, Nvidia’s market value could fall by another $1 trillion to $1.2 trillion. The report says Nvidia’s market value has already shrunk by about $1 trillion since the relevant events first came to light, and its share price briefly fell about 8% in after-hours trading on Wednesday.
The report notes that Nvidia currently has no publicly disclosed CEO succession plan, and CFO Colette Kress is viewed as a potential interim successor. Although demand for AI chips remains strong, Jensen Huang’s departure could increase uncertainty about the company’s future technological innovation and business development.
