After the Jensen Huang Rumors: Who Will Inherit the $4.5 Trillion Market Cap Empire?

Nvidia’s board has launched an independent review, led by a committee of independent directors and outside counsel, into CEO Jensen Huang’s conduct after his self-disclosed “affair,” while affirming support for him and his management team. Huang, who has led Nvidia since 1993, holds about 870.6 million shares, or roughly 3.58% of the company, worth approximately $162.5 billion based on the Nov. 6 close of $186.64, and Nvidia’s single-class share structure means he lacks absolute control. The 11-member board includes 10 independent directors, and Polymarket odds of Huang announcing resignation or removal by Dec. 31 have swung from above 75% to about 17%. Nvidia has no public CEO succession plan, and its flat management structure—with roughly 36 executives reporting directly to Huang—has not produced a clear heir, though family members including daughter Madison Huang, son Spencer Huang and son-in-law Nico Caprez hold senior roles. Investors will watch Nvidia’s Nov. 17 earnings call and Nov. 18 antitrust case developments for signals on the review and leadership outlook.