From France24 · · 1m
Nvidia Board to Decide on CEO Jensen Huang
Nvidia board meeting to decide whether to oust CEO Jensen Huang amid reports of two extramarital affairs.
In brief
Nvidia board meeting to decide whether to oust CEO Jensen Huang amid reports of two extramarital affairs. Nvidia's board is meeting to decide if they will remove CEO Jensen Huang following reports of two extramarital affairs. Originally reported by France24.
Board Meeting
Nvidia's board is meeting late Wednesday to decide whether to oust CEO Jensen Huang.
Market Reaction
Nvidia stock slid more than 8% in extended trading after Wall Street Journal reported potential CEO firing.
Investigation
Nvidia's board launched internal investigation into CEO's relationship with businesswoman Alice Huang.
Second Affair
CEO Jensen Huang reportedly had extramarital affair with Nvidia vice president Kimberly Powell.
Leadership Vacuum
Huang has no obvious successor and owns 3.6% of Nvidia's stock with dozens of direct reports.
Market Fallout
US stock futures sank with Nasdaq down 1% as investors worry about Nvidia's leadership stability.
Investigation Widens
Huang acknowledged unfaithfulness to wife but gave no details on relationship with businesswoman.
The key point
Nvidia's board is meeting to decide if they will remove CEO Jensen Huang following reports of two extramarital affairs.
