Nvidia on track to lose more than $600 billion in value as board weighs Jensen Huang
Nvidia’s role in artificial intelligence
Co-founded by Huang in 1993, Nvidia became a major supplier to the artificial intelligence industry. Its semiconductors power many leading AI companies. Nvidia chips are subject to export controls limiting sales to China. Huang had urged the Trump administration to ease some of those restrictions.
Board weighs Huang’s position
The board is considering whether to oust Huang as the company’s shares continue to slide. The report gives no further details about the board’s deliberations. The New York Times reported Thursday, citing company employees, that Huang had an affair with Kimberly Powell, Nvidia’s vice president of healthcare.
Analyst estimates different valuations
Ives estimated Nvidia’s value at $225 per share if Huang left, compared with $300 per share if he stayed in charge. She said customers rely on Nvidia’s computing power, software and networking ecosystem, and that those advantages would remain even without Huang as CEO.
Key points
- Nvidia could lose more than $600 billion in value from Friday’s U.S. market close.
- The board is considering whether to remove CEO Jensen Huang.
- Ives put Nvidia at $225 per share if Huang left and $300 if he stayed.
- Anthropic’s expected public offering could test investor interest in AI.