Nvidia sheds US$190 billion over its CEO’s alleged spy affair
“There is no board succession plan, which is extraordinary. Jensen has bragged about having 60 direct reports. That’s crazy,” Sonnenfeld said.
Morningstar senior equity analyst Brian Colello told the news site that major buyers of Nvidia’s chips and software are unlikely to cut capital spending over uncertainty around the chief executive position, though “costs of capital may rise for future investments if perhaps the most prominent CEO in the AI landscape is no longer orchestrating such deals.”
US President Donald Trump said on Monday that the FBI was examining the matter. “I know the FBI is looking into it,” Trump told a White House briefing, per Reuters. “I think that he’ll be in good shape.”
Nvidia’s board, which opened an independent investigation into Huang on Sunday, November 8, said it has “confidence in Jensen,” as quoted by CNBC.
Bloomberg reported a committee of independent directors will work with outside counsel.
