Nvidia Said to Be Preparing to Oust CEO Jensen Huang as Executive Shakeup Talk Spreads

Nvidia is preparing to remove Chief Executive Officer Jensen Huang, according to a report, as attention turns to the possibility of a broader management shake-up while the board investigates allegations surrounding him.

Walter Bloomberg reported on Nov. 11 that Nvidia is preparing to dismiss Huang. A specific timeline and any succession plans were not disclosed, and the company has not officially announced his removal.

US investment bank Baird also said the likelihood of Huang's departure is increasing. Baird analysts Tristan Gerra and Tyler Bomba downgraded Nvidia to neutral and cut their price target by 60% to $200.

Baird said an external hire would be preferable to an internal promotion if management is replaced. In its view, new leadership is needed to strengthen internal controls in response to US restrictions on exports of advanced AI technology to China and to restore trust inside and outside the company.

Nvidia's board began an independent investigation on Nov. 8 into reports that Huang had been targeted by a foreign intelligence agency. At the time, the board expressed confidence in Huang and the management team. So far, the company's official statements have not included any plan to remove him.