Nvidia's Board Reportedly Preparing to Remove Jensen Huang
Nvidia's board is reportedly preparing to oust CEO Jensen Huang and plans to convene as early as today to discuss his future. This follows revelations of Huang's two extramarital affairs, prompting the board to launch an independent investigation. The company's stock dropped about 8% in after-hours trading, and Nvidia has yet to issue an official response.
Nvidia's Board Reportedly Preparing to Oust Jensen Huang
Nvidia's board is reportedly preparing to remove CEO Jensen Huang and plans to convene a meeting as early as today to discuss his future. This comes after Huang was exposed for having two extramarital affairs—one with a woman suspected by U.S. authorities of having ties to Chinese intelligence agencies, and the other with a senior Nvidia executive.
The series of scandals has placed Huang under unprecedented pressure from both the management team and the company's governance structure. Huang has previously admitted to being unfaithful to his wife, and Nvidia's board has already launched an independent investigation. Following the news, Nvidia's stock price dropped sharply by about 8% in after-hours trading. However, Nvidia has yet to issue an official response.
Source: WSJ