Nvidia faces potential 20% stock drop if CEO Huang is ousted

cnbc.com —

Wall Street analysts warn Nvidia shares could drop 20% or more if CEO Jensen Huang is removed following reports of an affair with an alleged Chinese spy and a relationship with a subordinate executive. The New York Times and Wall Street Journal reported the board is preparing to remove Huang, who apologized Sunday. Nvidia shares fell nearly 10% earlier this week and dropped 8% in extended trading after the reports. Analysts cite Huang's central role with 70 direct reports as a key risk, though some say the company could continue operating with a solid succession plan.


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