Nvidia CEO faces removal after affair scandal rocks AI chip giant

Nvidia CEO Jensen Huang faces potential removal by the company's board amid a growing scandal involving two extramarital affairs, causing the stock to lose about one trillion dollars in market value. The company, now worth four trillion dollars, has seen its shares drop over eight percent in after-hours trading. Huang's leadership is considered crucial as Nvidia holds a near-monopoly position in AI chips, with margins of 60 to 70 percent and quarterly revenue of 96.2 billion dollars. Raiffeisen Switzerland chief investment officer Matthias Geissbühler advises against buying Nvidia shares currently, citing risks from competitors like AMD and potential market corrections. He recommends investors consider diversifying gains into other sectors, noting Nvidia's significant weight in major indices and pension funds.