Nvidia board reportedly meeting to decide CEO Jensen Huang’s future as chip giant’s share price plunges
Nvidia’s board is meeting to decide whether to oust CEO Jensen Huang, a source familiar with the matter told the Reuters news agency, as the world’s dominant supplier of AI processors grapples with reports of two extramarital affairs involving its longtime leader.
TL;DR
- Nvidia's board is reportedly meeting to decide whether to oust CEO Jensen Huang.
- The meeting follows reports of two extramarital affairs involving Huang.
- One affair allegedly involved a woman US intelligence says facilitated Nvidia chip shipments to Chinese firms.
- Huang acknowledged being unfaithful in a memo to employees.
- Nvidia's shares have fallen significantly, losing approximately $600 billion in market value.
- Huang has no obvious successor, and he maintains tight control over the company.
- Donald Trump expressed belief in Huang's claims of ignorance regarding any spy connections.
- The company has hired a law firm to conduct an independent investigation into the relationship with a Chinese businesswoman.
- Investors are considering the possibility of Nvidia operating without its founder.