GoKawiilNvidia board weighs Jensen Huang's future after second affair report, six downgrades hit stock
Nvidia's board met to decide whether to remove CEO Jensen Huang after the New York Times reported he had a second extramarital affair with an employee, compounding earlier revelations about a relationship with a woman U.S. intelligence suspects is a Chinese spy. Six analysts downgraded the stock between Wednesday night and Thursday morning, including longtime bull Ben Reitzes of Melius Research, who cut his rating to hold and slashed his price target from $315 to $185. Nvidia shares have fallen roughly 7% this week and were down about 5.4% in Thursday premarket trading; the company has not issued a public statement.
GoKawiil's interpretation of the reporting above, not reported fact.
The scale and speed of the downgrades suggest Wall Street views the scandal as a material threat to Nvidia's leadership stability rather than a passing controversy, given Huang's three-decade tenure and close identification with the company. Reitzes' comparison to HP's troubled 2010 CEO succession implies analysts see real risk in how the board handles the transition, not just reputational damage. The outcome of the board's decision could set the tone for investor confidence in Nvidia at a moment when the company sits at the center of the AI chip market.
- Nvidia's board is deliberating whether to oust CEO Jensen Huang following a second reported affair with an employee.
- Six analysts downgraded Nvidia stock in less than 24 hours, including Melius Research cutting its target from $315 to $185.
- Nvidia shares have dropped about 7% this week amid the controversy, with no public statement yet from the company.
Source: cnbc.com — Liz Napolitano Chloe Taylor, 2026-11-12
Published there as: “‘A dark day for Nvidia’: Here’s what analysts are saying as markets brace for news on Huang's fate”
Read the original report → The summary and analysis above are GoKawiil's own, written from reporting by the source above. Facts and quotes belong to the original publisher.