Tech megabull Dan Ives said that Huang's "days at Nvidia could be numbered" and that investors were now weighing questions around a successor, an interim strategy, board changes, and potential government investigations.

"Jensen has created a black eye moment for himself and Nvidia and now has created a spider web of complexity that Wall Street, Silicon Valley, DC, and the global tech ecosystem are trying to figure out what is next," he wrote.

Still, Ives wrote that Nvidia's leading-edge GPU technology and its entrenched role in the AI race would continue. He said Huang was "not replaceable," but argued the company could navigate the turmoil and remain a foundational part of the AI revolution.