Nvidia faces leadership uncertainty as board weighs CEO's future

Nvidia's board is reportedly considering removing CEO Jensen Huang following revelations of a second relationship with a company executive, raising questions about the future of the company's role as a major financier of AI infrastructure. Nvidia's stock fell about 8% in premarket trading on Thursday. Nvidia has invested billions in AI companies, including $30 billion in OpenAI and $2 billion each in CoreWeave and Nebius, while also guaranteeing up to $105 billion in leasing deals for OpenAI's data centers. The company has provided roughly $300 billion in financial support to customers over three years, earning it the nickname "central bank for AI." Analysts warn that without Huang's personal credibility and deal-making appetite, Nvidia may adopt a more cautious approach to new financial commitments, potentially increasing borrowing costs for AI companies and slowing project development. CoreWeave shares also fell about 7% in premarket trading, reflecting concerns about the broader AI ecosystem's dependence on Nvidia's financial backing.