Nvidia Shares Slide on Reports of Possible CEO Ouster

Nvidia shares fell sharply following media reports that the board is preparing to potentially remove CEO Jensen Huang, with the stock dropping up to nine percent to $158, its lowest level since mid-2025. The Wall Street Journal, citing unnamed sources, reported the board may meet as soon as Wednesday to decide Huang's future, with the New York Times also covering the meeting. The move follows an internal investigation into allegations that Huang had an affair with a woman suspected by US security circles of being a Chinese spy, which Huang confirmed in an email to employees. Huang, 63, is a defining figure of the AI boom, and his removal could plunge Nvidia, one of the world's most valuable companies whose chips are key to AI development, into a leadership crisis. The board's investigation is being conducted with external investigators.