Forbes: If Jensen Huang were to leave, Nvidia's stock price and the AI industry could suffer a severe blow.

BlockBeats news, November 12 - According to Forbes, Nvidia's board of directors is preparing to oust CEO Jensen Huang, who has served for 33 years, and may hold a meeting on November 11. Forbes said that since The New York Times first reported on October 29 the relationship between Jensen Huang and Megaspeed executive Huang Le, a Singapore data center operator, Nvidia's market value has evaporated by approximately $1 trillion.

In after-hours trading on November 11, the stock price fell another 8%. Wedbush analyst Dan Ives warned that if Jensen Huang is ousted, market value could evaporate another $1 trillion to $1.2 trillion.

On November 8, Jensen Huang admitted in a letter to employees that he was unfaithful to his wife. An Nvidia spokesperson said Jensen Huang is "committed to leading Nvidia without interruption." On November 11, The New York Times reported that Jensen Huang had an extramarital relationship with Kimberly Powell, the company's vice president of healthcare business who reports to him. Forbes cited that before the report was published, Doug Clinton of Intelligent Alpha estimated the probability of Jensen Huang leaving the CEO position at 10% to 20%, while Yale University professor Jeffrey Sonnenfeld believed the chances of staying or leaving were even.

Forbes noted that Nvidia has no public succession plan, and Jensen Huang has 60 direct reports. Newsweek believes that if he departs, Chief Financial Officer Colette Kress may serve as interim CEO. Nvidia set its third-quarter revenue guidance at $108 billion, with analysts expecting year-over-year growth of approximately 91%, and the company is scheduled to announce its financial results on November 17. Forbes also cited SFist saying that if Jensen Huang's wife files for divorce, under California's community property rules, the settlement amount could be approximately between $62.6 billion and $81.1 billion.