Nvidia is reportedly preparing to oust CEO Jensen Huang
NVDA•Nvidia's board is reportedly preparing to meet as soon as Wednesday to determine Huang's future after reports of two extramarital affairs, including one with a suspected Chinese spy. Nvidia shares fell about 8% in after-hours trading, and the stock has lost more than $300 billion in market value since news of the affair with Alice Huang broke.
1. Board weighs Huang's future
Nvidia's board is preparing to meet as soon as Wednesday to determine CEO Jensen Huang's future, the Wall Street Journal reported, citing people familiar with the matter. It reported that the board is preparing to oust Huang after two extramarital affairs, including one with a suspected Chinese spy; Reuters said it could not immediately verify the reports.
2. Reports detail relationship
Earlier Wednesday, the New York Times reported that Huang had an extramarital affair with Kimberly Powell, Nvidia's vice president of healthcare, who reported to him, citing five people who worked at the company. Nvidia did not immediately respond to a request for comment.
3. Shares fall amid scrutiny
The reports came days after Huang acknowledged being unfaithful to his wife, as Nvidia's board investigates whether he was targeted by a foreign intelligence operation. Nvidia shares were down about 8% in after-hours trading, and the stock has lost more than $300 billion in market value since news of the affair with Alice Huang broke.
