Investors Fear Nvidia AI Strategy Risk
Nvidia shares dropped after reports that the board is weighing CEO Jensen Huang's future amid personal conduct inquiries. Investors worry a leadership change could stall the company's aggressive financing of the global artificial intelligence boom.
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NVIDIA CORP shares tumbled 8% in after-hours trading after its board met late Wednesday to weigh CEO Jensen Huang's future following reports of extramarital affairs. The drop wiped out market value across the artificial intelligence sector, testing the world's most crowded trade. Investors fear that losing Huang could halt the chipmaker's aggressive strategy of financing data centers and bankrolling the AI boom.
