Nvidia board meets to decide on Jensen Huang’s future amid scandal

Analysts name potential interim leaders

Sources familiar with the matter told Reuters that the board considers ousting the longtime leader. Many investors and analysts see two people as particularly likely candidates for the short term. These individuals include Nvidia's uber-engineer Ian Buck and Chief Financial Officer Colette Kress. Some members of the board favour appointing Kress as interim CEO to steady the ship. She has served as CFO for 13 years before joining the company in 2013.

Stock value drops sharply this week

Fear that Huang is hard to replace contributed to a $600 billion selloff of Nvidia's shares. This event now makes the company the world's second-most valuable business after its dominant position in AI processors. Speculation on who might be tapped ranged from rival chip giant Arm chief Rene Haas to Jeff Fisher. One of Huang's two children, both executives at Nvidia, also entered the conversation for leadership roles.

Internal review and congressional probe loom

The South China Morning Post reported that allegations involve extramarital affairs with two women alongside an internal review. A potential congressional probe has also forced the board to confront the question of succession. Anna Wu from Floodlines Research noted that a leader like Huang is very hard to replace.