Investors Fear AI Stock Turmoil as Nvidia CEO Faces Ouster

Investors are selling Nvidia and AI-related stocks after the company's board met to decide the fate of CEO Jensen Huang following a scandal, with shares falling nearly 9% in after-hours trading. The market fears the AI boom could lose momentum if Huang is replaced. The board meeting on November 11 came amid reports of Huang's personal misconduct. Nvidia's market value has dropped over $400 billion in recent sessions, while shares of partners like CoreWeave and Naver also fell. Conversely, competitors Broadcom, AMD, and Chinese chipmakers saw gains on hopes of gaining market share. Analysts note Nvidia's advanced GPUs remain irreplaceable, so near-term revenue is secure, but Huang's visionary leadership and role in funding AI infrastructure would be hard to replicate. The company reports third-quarter earnings next week, with attention on its strategy if leadership changes.