Jensen Huang on leaving Nvidia? The action in free fall

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Nvidia's board of directors met last night to decide Jensen Huang's future, according to Reuters. The co-founder and CEO is weakened by revelations about two extramarital affairs, including one with a woman suspected of spying for China. No official decision on his continued leadership of the group has been announced at the time of writing.

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This meeting comes after an article in the New York Times reporting a relationship with Kimberly Powell, vice-president in charge of health at Nvidia and placed under his direct authority.

Jensen Huang had already admitted to infidelity after revelations about his affair with Alice Huang, an executive at Megaspeed, a data center company based in Singapore. According to the American daily, the intelligence services suspect the latter of having been recruited to collect information for the benefit of Beijing.

Last Sunday, the council opened an independent investigation while reaffirming its confidence in the leader. He then specified that he had no reason to believe that Nvidia secrets or national security had been compromised.

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Nvidia shares fell 8.6% in after-hours trading Wednesday. The decline also spread to products linked to the title on crypto platforms, accessible continuously.

NVIDIA falls on the stock market after the Jensen Huang affair: is AI in danger?

On Hyperliquid, Nvidia-backed perpetual contracts lost as much as 10%, with a low point near $156.14. These products allow you to speculate on the share price without holding it and without an expiry date. NVDAx, the tokenized version offered by xStocks, fell as much as 9% before recovering part of its losses.

The prediction markets also reacted on Wednesday evening. On Kalshi, the probability assigned to Jensen Huang leaving before November 13 increased from around 37% to 64% in a few hours. A comparable market on Polymarket showed 71%. These levels reflect participants' expectations, which are likely to change quickly.

At 63, Jensen Huang has led Nvidia since its creation in 1993, without a clearly designated successor. According to Bloomberg, the board is working with an outside firm to identify possible replacements.

Financial director Colette Kress is cited for a possible interim role. Ian Buck, who oversees the data center customer business and helped develop CUDA, is also among the candidates being discussed.

This governance crisis comes a few days before the group's quarterly results, expected on Tuesday, November 17. Investors will need to evaluate the chipmaker's performance while monitoring a possible leadership transition.

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