Nvidia's $350 Billion Scare: What Happens If Jensen Huang Leaves?
Nvidia shares fell as much as 8% amid reports that CEO Jensen Huang had a relationship with an executive U.S. intelligence suspects was recruited by China’s Ministry of State Security. Nvidia’s board has launched an independent investigation; it says there is no reason to believe company secrets or national security were compromised and expressed confidence in Huang. No evidence of wrongdoing or information exposure has been established. The controversy adds to pressure on Nvidia shares, which were already weakening amid concerns about AI spending. Huang’s possible departure, the lack of an obvious successor, and potential effects on U.S.-China chip policy are risks for investors. Nvidia is due to report earnings November 17; the board has not said when its investigation will conclude.
