Drama at Nvidia: Stock Plunges, CEO Jensen Huang on His Way Home?
The chip giant's stock lost more than 8% in after-hours trading, following a wipeout of hundreds of billions of dollars from its value in recent days. The board convened to discuss Huang's future, following a…
Assessment
Nvidia's stock is down more than 8% in after-hours trading, adding to hundreds of billions in lost market value over recent days. The board has convened to discuss CEO Jensen Huang's future after a New York Times investigation revealed a relationship with a senior company executive and suspicions of another connection to a businesswoman linked to Chinese intelligence. With no clear successor in place, analysts are cutting recommendations and warning of further declines. Competitors AMD and Broadcom are surging in after-hours trading, signaling a potential shift in market leadership.