Nvidia board may curb Jensen Huang's power, not fire him

Nvidia's board has expressed confidence in CEO Jensen Huang amid an investigation into his relationship with a former executive suspected of being a Chinese spy, despite a significant drop in company shares. Experts suggest the board may limit his power rather than remove him due to his central role and lack of a clear successor. The investigation follows Huang's acknowledged affair with Alice Huang, and Nvidia shares fell nearly 4.3% on Monday, erasing about $190 billion in market value. Analysts note the board's long-standing ties to Huang since 1993 may hinder objective judgment, and his flat management structure has suppressed potential successors. The controversy has drawn bipartisan political scrutiny, an FBI inquiry, and a shareholder lawsuit, yet Huang retains support from some investors who view him as irreplaceable. Experts predict a "stay, with less" outcome, where Huang remains CEO but faces closer oversight, with succession planning and board reshuffles as possible measures.