As Nvidia's board discusses Jensen Huang's future, CDS costs rise to 1.445%

As Nvidia's board of directors held a meeting on Thursday to decide the fate of CEO Jensen Huang, the company's debt default insurance costs rose. According to ICE Data Services, the cost of Nvidia's five-year credit default swap (CDS) once increased by 3.25 basis points to 1.445% per annum, approaching the intraday high set on November 3. Although this cost has more than doubled since mid-year, it remains only about half that of lower credit-rated hyperscale cloud companies SpaceX and Oracle. According to a person familiar with the matter, following reports of multiple extramarital affairs involving Jensen Huang, Nvidia's board has been working with an external firm to identify potential CEO successors. The board is considering appointing an interim CEO while searching for a permanent replacement.