Nvidia Shares Slide 7% as CEO Jensen Huang Faces Ouster Reports

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Nvidia shares fell 7% to $161.37 in premarket trading Thursday after reports that CEO Jensen Huang had an affair with a woman suspected of being a Chinese spy, threatening his tenure. The stock is now 34% below its all-time high from over a month ago. The New York Times reported Huang had a second affair with an Nvidia executive who reports to him, leading analysts to say the board may oust him. Dan Ives of Yorkville Ives & Co. said the company should be valued without Huang as CEO. Nvidia is worth over $4 trillion and has driven the tech-heavy Nasdaq Composite index this year. The stock has faced weeks of pressure from the affair reports and concerns about an AI sector bubble. Rivals AMD and Broadcom rose sharply, while CoreWeave, in which Nvidia owns a 13% stake, slid nearly 9%. The Nasdaq has slumped 7% in the past month.


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