Nvidia board meets to consider ousting CEO Jensen Huang amid scandal

Briefing by News4U · First published

Nvidia’s board is meeting as soon as Wednesday to decide whether to oust CEO Jensen Huang after reports of extramarital affairs, including one with a woman U.S. intelligence suspects is a Chinese spy and another with a company executive who reports to him. Nvidia shares fell about 8% in after-hours trading and are down 11% over five days. The company is working with an outside firm to identify potential replacements. Asian markets opened lower, with Hong Kong’s Hang Seng Index down 0.8%. [1] [2] [3] [4]

Sources

  1. Nvidia’s stock drops as board reportedly preps to oust CEO Jensen Huang

    TechCrunch · · Full text

  2. HK, region mixed as Nvidia faces crunch on Huang sack

    RTHK Finance · · Excerpt

  3. Nvidia Live Updates: Chip Giant's Stock Tumbles After Jensen Huang Exit

    WSJ Markets · · Summary only

  4. Nvidia Board Meets to Consider Replacing Jensen Huang

    Bloomberg · · Summary only

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