The cost of insuring Nvidia's debt rose as its board met to decide CEO Jensen Huang's future, ICE Data Services data showed, with five-year CDS up as much as 3.25 basis points to 1.445% a year. A source said the board is working with an outside firm on a possible successor and is considering an interim CEO.
Nvidia credit default swap costs rise as board weighs Huang's future
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The story so far: Nvidia board investigation into Huang
Nvidia's board opened an investigation into reports CEO Jensen Huang was targeted by a foreign intelligence operation; Huang apologised and pledged to cooperate. Congress said it was ready to subpoena Huang, and the House Foreign Affairs chair now says Huang has agreed to testify. The Information reports the interim…
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Nvidia credit default swap costs rise as board weighs Huang's future
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