Musk jokes about hiring Nvidia's Huang as board weighs CEO's future

what happened

According to Seeking Alpha, Elon Musk, who runs Tesla and SpaceX, replied to a ZeroHedge post on X urging him to hire Nvidia CEO Jensen Huang. Musk wrote that it would be “an honor,” after reports that Nvidia's board may be considering removing Huang from his role.

The succession question has been open since Sunday, when Huang acknowledged an affair with Alice Huang, a data center executive at one of Nvidia's largest customers in Southeast Asia. The New York Times reported she was suspected of acting as an agent for the Chinese government, and later reported that Huang had also been involved with Kimberly Powell, Nvidia's vice president of healthcare, citing unidentified former employees.

The Wall Street Journal said the board is preparing to remove Huang. Semafor reported that CFO Colette Kress is being considered as interim CEO, while Bloomberg said the company is working with an outside firm to find possible successors. Nvidia shares dropped 8.6% in after-hours trading.

why it matters

Nvidia is a central name in the AI chip trade, so uncertainty over its leadership can weigh on related shares and on sentiment across tech markets. Much of this rests on media reports, so the picture could change quickly. Investors will watch whether the board confirms any leadership change and how it could affect the company's AI chip plans.

market impact

Nvidia and AI chip stocks: leadership uncertainty adds pressure on the shares.

• ▼Nvidia shares pressure down — leadership uncertainty and reports of a possible CEO change weigh on the stock

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