Nvidia Board Prepares to Oust CEO Jensen Huang as Report of Second Alleged Affair Emerges: WSJ
The probe follows a second affair report and a $600 billion selloff, while lawmakers press for tighter chip export curbs to China.
- On Wednesday, Nvidia's board reportedly began preparations to remove CEO Jensen Huang following disclosures of two extramarital affairs, including one with a suspected Chinese intelligence asset.
- U.S. intelligence agencies identified the woman in the first affair as an alleged Chinese intelligence asset, prompting Huang's November 8 admission that he was "unfaithful" and triggering an independent national security probe.
- Reports surfaced Wednesday that Huang also had an extramarital relationship with Kimberly Powell, Nvidia vice president of healthcare, raising conflict-of-interest concerns and exposing the $4 trillion company's lack of succession planning.
- Nvidia shares plummeted over 8% in after-hours trading, erasing roughly $600 billion in market value this week, though some retail investors increased purchases betting on long-term dominance despite the crisis.
- House committee leaders requested a closed-door briefing on the allegations and warned of potential subpoenas if Huang fails to comply, as lawmakers scrutinize the chipmaker's supply chain exposure to restricted Chinese markets.
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682 Articles
Two inappropriate infidelity affairs are two too many and now Nvidia CEO Jensen Huang is hanging loose.
Nvidia Stock Plunges Over 10% as Board Weighs Removing CEO Jensen Huang
Nvidia (NASDAQ: NVDA) shares plunged more than 10% to $155.57 in Thursday's premarket trading after reports emerged that its board was considering removing co-founder and CEO Jensen Huang, even though the board had publicly expressed support for his leadership just days earlier. The Wall Street Journal reported that directors were preparing to remove Huang amid reports of two extramarital relationships.Visit Website
Nvidia's board met to decide whether to dismiss Jensen Huang after reports of two extramarital relationships.The action falls about 7%.
Nvidia Board Moves to Oust CEO Jensen Huang Over Affairs
Nvidia’s board is preparing to remove CEO Jensen Huang amid allegations of a second extramarital affair with a subordinate, heightening leadership concerns at the AI giant. Breitbart News reported that five people who worked at Nvidia described an extramarital relationship between Huang and Kimberly Powell, the company’s vice president of health care. Powell reports directly […]
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