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Nov 12 - Nvidia's board convened on Thursday to determine CEO Jensen Huang's fate, and the cost of insuring the company's debt against default climbed in response. According to ICE Data Services, 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 Nov 3. Although the cost has more than tripled since mid-year, it remains only about half that of lower-rated hyperscale cloud companies SpaceX and Oracle. Sources familiar with the matter said that after Jensen Huang was implicated in multiple extramarital affairs, Nvidia's board has been working with outside firms to identify potential CEO successors and is considering appointing an interim CEO while it searches for a permanent replacement.
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