Analysts: Potential CEO Departure of NVIDIA amid Jensen Huang Affair Controversy Could Pose Share Price Risk
Major Wall Street financial institutions have yet to respond on Monday (9th) to reports that NVIDIA (NVDA.US) is investigating whether CEO Jensen Huang disclosed company or national security secrets during an extramarital affair, possibly because the incident emerged over the weekend or because the market is still awaiting further developments.
RBC Capital Markets did not mention Huang in its research report on NVIDIA. However, institutions that have commented generally focused on whether Huang will remain as CEO. Investors were apparently concerned, with the stock sliding 5% in early pre-market trading.
Dan Ives of Yorkville Ives said that Huang faces a clear risk of being removed as CEO, depending on the board's investigation findings, which would pose risks to the share price as he is highly important to NVIDIA's global narrative and strategy.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| Nvidia (P) |
11090 |
168 (-) |
0.148 |
6.7 X |