Jensen Huang's future uncertain as Nvidia's debt default insurance costs climb

November 12 — As Nvidia's board met on Thursday to decide the fate of CEO Jensen Huang, the company's debt default insurance costs rose.

ICE Data Services data showed that the cost of Nvidia's five-year credit default swaps (CDS) rose by as much as 3.25 basis points to 1.445% per year, approaching the intraday high set on November 3. Although this cost has more than tripled since mid-year, it is still only about half that of lower-rated hyperscale cloud companies SpaceX and Oracle.

According to a person familiar with the matter, after Jensen Huang was exposed for multiple extramarital affairs, Nvidia's board has been working with an external agency to identify potential CEO successors. The board is considering appointing an interim CEO while it searches for a permanent successor.(