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Nvidia shares plunge amid reports board to discuss CEO Huang’s future

Al Jazeera ·

Chip giants stock price falls more than 8 percent amid speculation over co-founder's position.

Read at Al Jazeera

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Nvidia's board is reportedly preparing to remove CEO Jensen Huang, according to multiple reports, amid allegations he had an affair with a woman U.S. intelligence agencies believe was a Chinese asset. Nvidia is investigating whether Huang was targeted by a Chinese spy, and the company's shares fell after hours.

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First reported by The Defiant at · 8 outlets in all

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  1. Washington ExaminerNvidia board preparing to remove CEO Jensen Huang: ReportNvidia is preparing to oust CEO Jensen Huang after he confessed to having an affair with a suspected spy for China, according to multiple reports. Earlier this month, Huang apologized to his company, wife, and family for having an affair with Alice Huang. Nvidia is investigating the saga, as U.S. officials reportedly believe Alice Huang
  2. Crypto BriefingReport says US administration stayed out of Nvidia board’s Jensen Huang decisionThe independent investigation into Nvidia's CEO highlights the delicate balance between corporate governance and national security concerns.
  3. MarketWatchNasdaq futures fall as Nvidia sinks 8% after hours on report board may oust HuangStock futures were sliding Wednesday evening as a selloff in shares of Nvidia after the closing bell weighed on the Nasdaq-100 and dragged down shares of other chip makers.
  4. New York Times(subscription required)Nvidia’s Stock Price Plummets as Board Is Said to Consider Jensen Huang, CEO’s, FutureNews of the board’s deliberations about Jensen Huang’s job drove Nvidia’s stock down more than 8 percent in after-hours trading.
  5. Al JazeeraNvidia shares plunge amid reports board to discuss CEO Huang’s futureChip giants stock price falls more than 8 percent amid speculation over co-founder's position.
  6. CNNNvidia board discusses CEO Jensen Huang’s future as scandal roils one of America’s most valuable companies
  7. NBC NewsNvidia shares drop after hours amid reports of meeting over CEO Jensen Huang’s futureThe New York Times reported that Huang had a relationship with an Nvidia executive following reports that he’d had a relationship with a suspected Chinese spy.
  8. The DefiantNvidia Board to Discuss Huang's Future, FT ReportsThe reported leadership talks follow the board's public backing of Huang on Nov. 8. Trump said Nov. 9 that the FBI was looking into the situation, separately from the company's review.