Nvidia board weighs CEO Jensen Huang's future as shares tumble

what happened

Nvidia's board convened late Wednesday to determine the future of founder and chief executive Jensen Huang, who faces two separate scandals, a source told Reuters. The New York Times reported that Huang had an affair with a company executive who reported directly to him. Earlier, the board said it would look into his ties to a businesswoman accused of spying for China.

In after-hours trading the stock dropped more than 8% at one point, hit by a string of analyst downgrades. S&P 500 e-mini futures slipped 0.4% and Nasdaq futures 1%, while Taiwan's TAIEX lost 2.8%. The dollar index rose 0.1% to 103.08, its highest since April last year, as traders boosted bets on higher interest rates.

why it matters

The key open question for markets is succession: Nvidia has no clear plan, and Ian Buck and CFO Colette Kress are named as possible interim leaders. Democratic senators also asked the Trump administration to preserve records on chip exports to China, adding regulatory uncertainty around a company that sets the tone for the AI sector.

market impact

Nvidia and US tech: leadership turmoil and broker downgrades weigh on the stock and tech futures

• ▼Nvidia shares pressure down — leadership turmoil and broker downgrades pressure the stock
• ▼Nasdaq futures pressure down — weakness in a heavyweight tech name drags the index lower

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