Jensen Huang's future remains uncertain, and Nvidia's debt default insurance costs are rising

As the Nvidia 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 3.25 basis points at one point, to 1.445% per year, close to the intraday high set on November 3.

Although this cost has more than doubled since the middle of the year, it is still only about half that of lower-rated mega cloud computing companies SpaceX and Oracle. According to a source familiar with the matter, the Nvidia board has been working with an external firm to identify potential CEO successors after reports of multiple extramarital affairs involving Jensen Huang. The board is considering appointing an interim CEO while searching for a permanent successor.