China stands to gain most from Jensen Huang's ouster

Nvidia's market value dropped over $300 billion after reports that its board may oust CEO Jensen Huang following revelations of an affair and a relationship with a possible Chinese spy, with analysts warning this could weaken America's AI lead. The stock fell about 8% in after-hours trading after The New York Times and The Wall Street Journal reported on Huang's conduct and potential removal. Bernstein Research analyst Stacy Rasgon slashed Nvidia's price target to $200 from $400, calling Huang "the architect of the US AI trajectory" and noting no obvious successor exists. Analysts say China would be the primary beneficiary of Huang's departure, as the US leads in AI development but faces aggressive Chinese investment in the sector. While the board must address national security concerns, experts caution that removing Huang without evidence of untenable conduct would be a strategic mistake.