Nvidia shares fell sharply in after-hours trading Wednesday following reports that the company’s board of directors is preparing to remove founder and CEO Jensen Huang, potentially as soon as Wednesday evening. The reported move would end Huang’s 33-year tenure at the helm of the semiconductor giant, which he co-founded in 1993 and has led through its transformation into one of the world’s most valuable technology companies. Details of the board’s deliberations remain limited, and neither Nvidia nor Huang has issued a public statement. The company’s stock, which has been a bellwether for the artificial intelligence sector, declined on the news as investors weighed the implications for Nvidia’s leadership and strategic direction.
The potential ouster comes at a sensitive moment for Nvidia, whose chips underpin much of the global AI infrastructure buildout and whose valuation has soared amid surging demand for data-center processors. Analysts cautioned that any leadership change could introduce uncertainty over the company’s roadmap and key customer relationships, though the board has not confirmed its intentions. Huang, a prominent figure in Silicon Valley, has been the public face of Nvidia’s rise and its push into AI computing. Investors are expected to scrutinize any official announcement for details on interim leadership and the board’s rationale. Nvidia representatives did not immediately respond to requests for comment.
Independent reporting synthesized from primary wires and global correspondents.