Nvidia shares reportedly declined following unverified reports that founder and CEO Jensen Huang had stepped down from his executive position and the board of directors.

The reports raised questions about personal relationships and investigations involving security concerns, although no espionage allegations have been substantiated.

According to the information provided, Chief Financial Officer Colette Kress assumed the role of interim CEO, while Harvey Jones was appointed board chairman.

Shares of competitors, including AMD and Broadcom, reportedly rose.

The developments have raised concerns about Nvidia’s leadership and the stability of major investments in artificial intelligence infrastructure.