Nvidia live updates: Nvidia stock falls as tech leaders, Trump weigh in on CEO Jensen Huang's affair with alleged Chinese spy
The Nvidia (NVDA) story has been led by Jensen Huang since the company’s founding in 1993, sketched out on a napkin at a Denny’s.
Huang’s passion for computing chips (first gaming chips, now AI chips) was on display in an endless stream of interviews, in his signing autographs for enthusiastic fans on his world travels, and in his fried chicken dinner with fellow tech titans overseas that went viral.
His star power was evident in the curiosity among the crowds at the annual GTC event about which black leather jacket he would wear on stage to pump up the future of AI.
The market’s infatuation with Nvidia has gone hand in hand with its infatuation with Huang and the technology he pioneered, which helped create one of the world’s most valuable companies.
Huang is like Nvidia’s sun — the center around which the whole show runs.
But a fresh scandal involving the most visible CEO in the world has raised a valid question among investors, perhaps for the first time ever.
What in the world is Nvidia’s succession plan? Does one even exist?
“Every high-profile company carries key-person risk, and Nvidia is no exception,” FedWatch strategist Ben Emons said. “While Jensen Huang’s full cooperation suggests, in my view, that he has little reason to conceal information and likely did not share sensitive data with the alleged spy, the initial cover-up and later disclosures will still likely weigh on investor confidence.”