Nvidia board weighs Jensen Huang ouster as stock drops 8%
Why it matters: A leadership change at the AI chip leader could rattle markets, export policy debates and the company’s coming earnings outlook.
Nvidia’s board is meeting to decide whether to remove Chief Executive Jensen Huang, escalating a crisis that has shaken one of the world’s most valuable companies. The deliberations follow reports about Huang’s personal conduct and a board investigation tied to claims he was targeted in a foreign intelligence effort. Nvidia shares fell more than 8% in extended trading after the Wall Street Journal reported the company was preparing to fire him. The turmoil has raised fresh questions about governance at the dominant supplier of AI chips and comes just before investors are due to hear the company’s latest financial results and outlook.