China Says US Using Nvidia Spy Drama To Justify Chip 'Blockade' As Jensen's Future Hanging By Thread

What happened: Nvidia shares fell in premarket trading as its board weighs CEO Jensen Huang's fate after reports about his personal relationships. China accused Washington of using spy allegations against Huang to justify tighter restrictions on Chinese access to advanced AI chips. Key numbers: Shares plunged about 7.5% in premarket trading. Why it matters: Analyst Dan Ives said the old Jensen is gone in the eyes of the public and customers, and that Nvidia likely has to move on without him at the helm, while adding that Huang is not replaceable. Coverage: 8 outlets in 24h

Nvidia shares fell in premarket trading as its board weighs CEO Jensen Huang's fate after reports about his personal relationships. China accused Washington of using spy allegations against Huang to justify tighter restrictions on Chinese access to advanced AI chips.

Analyst Dan Ives said the old Jensen is gone in the eyes of the public and customers, and that Nvidia likely has to move on without him at the helm, while adding that Huang is not replaceable.