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Nvidia’s board is deciding whether to keep CEO Jensen Huang amid an 8% stock drop, facing a critical leadership vacuum due to the lack of a succession plan.
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Nvidia board reportedly meeting to decide CEO Jensen Huang’s future as chip giant’s share price plunges – follow live
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Huang’s potential departure would leave a leadership vacuum at the roughly $4tn chipmaker he co-founded, with Nvidia’s shares sliding about 8% in after-hours tradingAnalysts have suggested that with no obvious successor, the Nvidia board has a difficult decision to make on whether to remove Jensen Huang as CEO.“Huang being removed immediately could be challenging for Nvidia since it does not have a succession plan in place,” Gil Luria, head of technology research at DA Davidson, said.They are financing their customers. In these types of booms or bubbles, sometimes all it takes is a slowdown to shift it into the bust phase.” Continue reading...
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