Jensen Huang affair and Nvidia CEO future 2026
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Roundup: Second affair revelation rocks Nvidia; Democrat wins Mississippi Senate upset
Nvidia's board is weighing Jensen Huang's future.
Democrats faced backlash after missing a Hegseth impeachment vote.
Scott Colom, a Democrat, won a Mississippi Senate seat in a historic upset.
Nvidia Jensen Huang scandal: board weighs founder's future amid affair revelations and market turmoil
Six analysts downgraded Nvidia stock between Wednesday night and Thursday morning.
Citi analysts trimmed their target price for Nvidia to $225, down from $285.
The New York Times reported that Nvidia's board hired law firm Wachtell Lipton to lead an investigation into the matter.
“We believe Nvidia's value is $300 per share with Jensen as CEO and $225 per share without Jensen as CEO,”
Jensen Huang resigns as Nvidia CEO amid scandal
Bernstein slashed its price target on Nvidia's stock from $400 to $200 following Huang's resignation.
Nvidia's shares declined 4.34% on the day of Huang's resignation.
Alice Huang is tied to Huawei, Nvidia's biggest competitor in China, and may have owned stakes in Chinese businesses benefitting Huawei.
“Nvidia doesn't have that person in place, and so it's going to be either a choice of keeping Jensen and being faced with months and months of being hauled in front of probably congressional boards and things to explain themselves and all kinds of interrogations,”
Jensen Huang affair and Nvidia board discussions on his future as CEO
The New York Times reported that Huang also allegedly had an extramarital relationship with an Nvidia executive who reports to him, identified as Kimberly Powell, vice president of health care.
Huang and Powell were reportedly captured on video being affectionate at a hotel in San Jose, California during an Nvidia conference in March, according to The New York Times.
Nvidia's board hired the law firm Wachtell, Lipton, Rosen & Katz to lead the inquiry into the spying allegations.
“I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did,”
Analysis: Is Nvidia too big to fail as AI financing web raises stakes
AMD, Broadcom, Intel, Google, Microsoft, and OpenAI all have efforts underway to build their own AI chips, according to Stijn Van Nieuwerburgh.
The cost of insuring CoreWeave debt rose by 94% from Oct. 1 to Nov. 5, before settling, according to LSEG data.
Jensen Huang is under scrutiny by the FBI, Congress, and Nvidia's board over his relationship with a woman who The New York Times reported was suspected of spying for China.
“I think that's a real concern because both the economy and financial markets are standing on the same leg, which means a drawdown could have reinforcing effects between the two,”