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
- Nvidia’s stock drops as board reportedly preps to oust CEO Jensen Huang
TechCrunch · · Full text
- HK, region mixed as Nvidia faces crunch on Huang sack
RTHK Finance · · Excerpt
- Nvidia Live Updates: Chip Giant's Stock Tumbles After Jensen Huang Exit
WSJ Markets · · Summary only
- Nvidia Board Meets to Consider Replacing Jensen Huang
Bloomberg · · Summary only