Nvidia's board reportedly weighed ousting Jensen Huang three days after publicly backing him
15 Sources
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Huang in the balance
This transcript was produced with AI technology that converts speech to text. The text is not always reviewed or edited by Reuters journalists and some errors may occur. Today, chip giant Nvidia's shares plunge more than 8% on reports its board will oust CEO Jensen Huang, raising speculation about
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Elon Musk said hiring Nvidia's Jensen Huang would be an honor
Nvidia stock fell more than 8% in after-hours trading Wednesday as reports of multiple affairs put the CEO's job at risk Elon Musk said that bringing on Nvidia $NVDA CEO Jensen Huang would be "an honor" as the chipmaker's board weighs Huang's future. The Tesla $TSLA CEO replied on X $TWTR on
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Nvidia CEO crisis: Who is Jay Puri? Longtime Nvidia VP in focus as Jensen Huang faces scrutiny over alleged affairs with Alice Huang and Kimberly Powell
Nvidia CEO replacement Jay Puri: Jay Puri, an Indian-origin executive who spent more than two decades at Nvidia, is drawing attention as CEO Jensen Huang faces reports of a possible board ouster. Puri retired from his executive role in August 2026, but his experience at the chipmaker has brought
[4]
Michael Burry Says Nvidia Just Lost Its Enforcer: 'The Don Has Fallen' - NVIDIA (NASDAQ:NVDA)
Michael Burry opened his latest Substack post with those four words, aimed at Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang. In Burry's view, Huang's downfall exposes the chipmaker's sales tactics and financing web to serious risk, and he told shareholders to sell. * NVDA stock is sinking. Get all
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Sunday: 'Confidence in Jensen.' Wednesday: Preparing to oust him. How one report flipped Nvidia's board
The board of tech giant Nvidia is considering whether to oust its CEO Jensen Huang. This comes after revelations that Jensen engaged in two extramarital affairs. One with an alleged Chinese intelligence operative and another with a subordinate executive. Huang had reportedly maintained an
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Elon Musk Says It 'Would Be an Honor' to Hire Jensen Huang, as the Nvidia CEO's Future Hangs in the Balance
Tech billionaire Elon Musk has said it "would be an honor" to hire Nvidia boss Jensen Huang, who is currently under investigation from his own board of directors and the FBI after admitting having an affair with a woman alleged to have been a Chinese spy. The board of Nvidia is reportedly
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Elon Musk says it 'would be an honor' to hire ousted Nvidia CEO Jensen Huang -- possible projects could include Terafab, SpaceX's planned GPU manufacturing, or Tesla's AI accelerators
Jensen Huang still possesses valuable knowledge despite his departure from Nvidia. Jensen Huang resigned as Nvidia CEO two weeks after his relationship with a suspected Chinese spy was revealed by intelligence sources and a day after his affair with an Nvidia vice president became publicly known.
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Wall Street Sees the Writing on the Wall for Jensen Huang
The he company's board is weighing the fate of its chief executive. Silicon Valley and Washington are steeling themselves for life without him. Andrew here. Put yourself in the shoes of Nvidia's board: Would you fire Jensen Huang? An affair with a customer who U.S. intelligence officials
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The CEO, the Spy, and a Crisis for AI
"This may be the craziest story in the AI era since ChatGPT launched." Subscribe here: Apple Podcasts | Spotify | YouTube | Overcast | Pocket Casts Reports of a second compromising affair may be the undoing of the Nvidia CEO Jensen Huang, even though the first affair was with an alleged Chinese
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Nvidia stock slides on report board is preparing to oust Jensen Huang
Nasdaq-100 futures fell as much as 1% while shares of Advanced Micro Devices and Broadcom rose in premarket trading Nvidia $NVDA's board is getting ready to remove CEO Jensen Huang, according to The Wall Street Journal, and Nvidia stock dropped 7% to 8% before the opening bell on Thursday. Huang
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Nvidia tumbles early amid questions about Nvidia CEO Jensen Huang's future
NEW YORK -- Shares of Nvidia, the chipmaker at the centre of the global artificial intelligence boom, tumbled early Thursday with the tenure of CEO Jensen Huang threatened by revelations of an affair with a woman reported to be a suspected Chinese spy. The company's stock has been under pressure
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Nasdaq, S&P 500 Futures Fall as Nvidia Board Considers Jensen Huang's Position
US stock market futures declined on Thursday as Nvidia shares plunged more than 8% amid uncertainty over CEO Jensen Huang's leadership. Nasdaq-100 and S&P 500 futures fell as investors assessed the potential leadership change, broader technology stock losses, and upcoming US inflation data. US
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U.S., Europe chip stocks dip as Nvidia board reportedly weighs ousting Huang By Investing.com
Investing.com --Semiconductor stocks in Europe and the U.S. largely fell Thursday after Nvidia shares tumbled in premarket trading on reports that the chipmaker's board was weighing whether to oust Chief Executive Jensen Huang. Nvidia's board was meeting Wednesday to decide whether to remove
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Nvidia's Crisis Shakes Wall Street
Will the man who helped build the AI boom still have a job tonight? Jenseng Huang's future at Nvidia is on everyone's mind ahead of today's opening bell. Meanwhile, Trump dashed hopes of a deal with Iran, sending oil prices higher. The Wall Street Journal reported that Nvidia's board is preparing
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Nvidia Leadership Crisis Drags on U.S. Stock Futures, Pressures AI Trade -- 2nd Update
Nvidia shares fell sharply in premarket trading as the company's board weighed the future of its leader Jensen Huang, putting the brakes on a rally in artificial-intelligence stocks and dragging U.S. futures and Asian equities lower. Shares in the company at the heart of the AI ecosystem tumbled
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Nvidia's board reportedly met Wednesday to decide whether to remove CEO Jensen Huang, three days after publicly backing him. Shares fell more than 8% and no decision has been announced.
Nvidia's board publicly backed chief executive Jensen Huang on Sunday. By Wednesday night, per a Wall Street Journal report citing people familiar with the matter, directors had reportedly met to decide whether to remove him
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. Nothing has been announced, and the founder-CEO of the world's most valuable chipmaker is fighting for his job at the center of the AI trade.
Source: ET
The market moved fast. Shares dropped more than 8% in after-hours trading Wednesday
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, and Reuters estimated the week's cumulative loss in Nvidia's market value at somewhere around $600 billion1
. The stock was already down about 7% on the week and heading for a sixth straight weekly decline on doubts about whether AI infrastructure spending can sustain itself3
. The turmoil also reached the wider AI financing pipeline. Anthropic is mid-roadshow for an IPO expected possibly next week at a valuation in the region of $1.4 trillion1
. CoreWeave's upbeat earnings had just given the sector a lift1
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Source: ET
Three days from confidence to crisis
Huang admitted the trigger himself. "I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did," he wrote in a Sunday message to employees
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. The same day, the board announced an independent investigation, retaining the law firm Wachtell, Lipton, Rosen & Katz along with Joon H. Kim, a former acting US attorney2
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. It said there was no reason to believe that national security or Nvidia secrets had been compromised2
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.What changed was a second report. The New York Times then reported an affair with Kimberly Powell, an Nvidia vice president who has led the company's healthcare business since 2017
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. Former staff members told the paper the two were shown on video being affectionate at a San Jose hotel during Nvidia's March developer conference5
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. Separately, US intelligence reportedly assessed that Alice Huang, with whom Huang also had an affair, was recruited by China's Ministry of State Security2
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. The alleged aim, per that assessment, was information about him and Nvidia's AI chips and strategy2
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. China's Foreign Ministry called the allegation unsubstantiated and warned the US against using it as a pretext to tighten chip export restrictions2
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. It is the alleged espionage dimension that turns a personal scandal into a national-security question, though it remains unproven.Company rules give the board a clear path if it wants one: a majority of directors can remove Huang with or without cause
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. Keeping him remains a possible outcome, and tech executives are lobbying for it6
.No successor, and plenty of pressure
No clear successor exists, and no formal succession plan is known
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. Names floated include CFO Colette Kress and senior engineer Ian Buck, plus Jay Puri, a 20-year Nvidia sales executive who retired from his executive role in August1
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. None of them has been named by the company1
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.If Huang does leave, one possible landing spot is already public. Elon Musk replied "That would be an honor" to a ZeroHedge post asking him to hire Huang if he left Nvidia
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. The two have known each other for a decade or more, and Nvidia chips are used in Tesla's AI training2
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. Tim Sweeney, the Epic Games chief executive, pushed the other way: firing Huang would be "an Apple firing Steve Jobs level of idiocy" and "a grievous harm to the United States of America"6
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Source: Quartz
Lawmakers from both parties have called for Huang to resign
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. Senator Kevin Cramer said that "as a matter of his own conscience, he should resign," and Representatives Suhas Subramanyam and Don Bacon joined the call2
. Per Reuters, three House Republican committee chairs have asked Huang to appear privately before them on Nov 182
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.Related Stories
The bear case gets louder
Burry, the investor and Nvidia critic publishing on Substack, told shareholders to sell
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. His argument: Huang personally enforced the sales practices now under a Justice Department antitrust investigation4
. That probe is examining whether Nvidia forced customers to buy GPUs alongside other products4
. "The coercion, it seems, came from the top," he wrote4
. By his estimate, Nvidia put $42.4 billion into equity securities in the first half of 2026, roughly 30 cents of every revenue dollar4
. He also claimed third-party GPU financing platforms were running debt as high as 76-to-14
. He predicted customers may hold off on orders, renegotiate terms or defect to rivals without Huang4
.Nvidia reports fiscal third-quarter earnings on Nov 17, the day before his requested congressional session. Per Reuters, skipping the closed-door briefing could bring a congressional subpoena
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. Even Burry expects strong results next week, since the sales are already booked4
. "NVIDIA bulls will have another fluffy big chance to get out. Get out," he wrote4
.References
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