From The Economic Times · Bloomberg · · 1m
Nvidia Default Risk Hits Record High
Nvidia's board faces CEO replacement as default risk nears record high.
In brief
Nvidia's board faces CEO replacement as default risk nears record high. Nvidia's default risk for five years reached 1.445 percentage points annually as the board weighs CEO Jensen Huang's fate amid reports of extramarital affairs. Originally reported by The Economic Times.
Default Risk Rises
Nvidia's default risk for five years reached 1.445 percentage points annually as the board weighs CEO Jensen Huang's fate.
Board Considers CEO Replacement
The board has been working with an outside firm to identify potential replacements for Huang following reports of multiple extramarital affairs.
Spies Alleged in China
A person familiar with the situation said Huang had an affair with a woman reportedly suspected of spying for China.
Temporary CEO Plan
The board is weighing the idea of naming a temporary chief while searching for a permanent one.
Debt Protection Costs
The price of protecting Nvidia’s debt against default for five years increased as much as 3.25 basis points to 1.445 percentage points a year.
The one thing
Nvidia's default risk for five years reached 1.445 percentage points annually as the board weighs CEO Jensen Huang's fate amid reports of extramarital affairs.
