Nvidia Board Meets to Decide CEO Huang's Future
The board is weighing whether to remove Jensen Huang after reports of two affairs and a foreign-intelligence probe, sending Nvidia shares lower.
- On Wednesday, November 11, Nvidia's board convened to discuss the future of CEO Jensen Huang, with sources suggesting the meeting could result in him being ousted after 33 years leading the company.
- This scrutiny follows reports of a relationship with a woman US officials believe to be a Chinese spy, alongside The New York Times' revelation of an affair with Nvidia executive Kimberly Powell.
- Nvidia shares fell about 8% in after-hours trading, with the company losing about $600 billion in stock market value this week since the board announced its investigation.
- President Donald Trump voiced support for the chief, calling him "an honorable guy," while Longbow Asset Management CEO Jake Dollarhide suggested the board will not act without an all-star replacement.
- Huang's potential departure would leave a leadership vacuum at the roughly $4-trillion company, while rival chipmakers AMD and Broadcom rose 4% and 3% respectively on the news.
245 Articles
245 Articles
First an affair with a suspected Chinese spy - and then also with an employee under his authority: Now Nvidia chief Huang is apparently to be relieved of his office. The scandal has already cost the chip giant trillion dollars.
Nvidia's board will have met to assess the departure of the co-founder and executive director, Jensen Huang, after he admitted an extramarital relationship with a woman who is allegedly a Chinese spy. To date, however, there is no confirmation of a decision. Nvidia lives a tumultuous week, which led the board of directors to [...]
Nvidia board weighs ousting Jensen Huang over two reported affairs
Nvidia’s board is preparing to oust founder and CEO Jensen Huang after reports of two extramarital affairs, one with executive Kimberly Powell and one with a Chinese businesswoman suspected of spying. The White House says it is not intervening. The post Nvidia board weighs ousting Jensen Huang over two reported affairs appeared first on www.israelhayom.com.
Nvidia's board of directors is considering Jensen Huang's stay, as pressure mounts after revelations about his personal life, with the stock falling by up to 10% - Ten executives with strong connections are being asked to decide on his future - Huang's removal from Nvidia's top position is on the table - The second extramarital affair with a company executive
Jensen Huang's future at the head of Nvidia was only one thread on Wednesday night, with the board of directors of the flea manufacturing giant considering the possibility of disposing of its billionaire founder, at the...
Nvidia’s Jensen Huang crisis reaches crypto through more than Bitcoin
Reports that Nvidia’s board is considering removing CEO Jensen Huang have put a leadership crisis at the AI chipmaker into a market already sensitive to technology spending and financing costs. Bitcoin can react when investors cut risk across their portfolios.…
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