Nvidia Shares Just Crashed Nearly 30% in Five Weeks. Dan Ives Says Losing Jensen Huang Would Cost Up to 30% More. Here's the Math
Independent board members retained outside counsel to examine the CEO affair and possible national-security risks as Nvidia faces a shareholder lawsuit and succession questions.
- Nvidia's board launched an investigation into CEO Jensen Huang on Sunday after he admitted to an extramarital affair with a businessperson whom U.S. intelligence identified as a Chinese spy.
- On Monday, November 9, Nvidia shares closed down 4.27% as investors reacted to the scandal, erasing roughly $190 billion to $200 billion in market value amid key-person risk concerns.
- A shareholder lawsuit filed Monday in the U.S. District Court for the Northern District of California accuses Nvidia of misleading investors, while the company lacks a public succession plan for Huang.
- President Donald Trump expressed support for Huang on Monday, stating he believes the executive will be 'in good shape,' while the board retained law firm Wachtell, Lipton, Rosen & Katz for the investigation.
- Huang manages over 60 direct reports and sets strategy, making him exceptionally difficult to replace; most analysts do not expect the investigation to end his tenure at the company.
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66 Articles
Heller's public relations firm is known mainly for dealing with high-profile scandals, including former congressman Anthony Weiner, former CNN president Jeff Zucker, and writer Jeffrey Toobin.
Invidia started looking for a successor to its CEO, Jensen Hwang, after his recent scandal, which shook the throne of one of the world's largest technology companies, but who could lead the artificial intelligence nerve?
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Jensen Huang remains at the top of Nvidia despite a scandal. But he has only 3.6 percent of the shares and no veto right. So what power do investors and supervisory boards have when the CEO becomes a burden?
Nico Caprez, 35 years old, husband of his daughter Madison Huang, hired in 2024 and jumped, in 2026, at the top. Not without internal humor
Thirty-five years old is the husband of the second-born magnate, Madison Huang, who met at the London Business School. He is considered the most trusted collaborator of the founder
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