Forbes: Nvidia Market Cap Could Lose Over $1 Trillion if Jensen Huang Steps Down

According to TechFlow, on November 12, Forbes reported that Nvidia's board is considering removing CEO Jensen Huang, with the related investigation involving his personal relationships and potential security risks. Analysts warn that Huang's departure could further pressure Nvidia's share price and the global AI industry.

Wedbush analyst Dan Ives estimates that if Huang is removed, Nvidia's market cap could fall by another $1 trillion to $1.2 trillion. The report said Nvidia's market cap has already shrunk by about $1 trillion since the related incident first surfaced, and its shares fell as much as about 8% in after-hours trading on Wednesday.

The report noted that Nvidia currently has no public CEO succession plan, with CFO Colette Kress seen as a potential interim successor. Although demand for AI chips remains strong, Huang's departure could increase uncertainty around the company's future technological innovation and business development.

Source: TechFlow