WSJ: Nvidia-styret forbereder seg på å sparke Jensen Huang

The Board of AI giant Nvidia is preparing to confront CEO Jensen Huang, according to The Wall Street Journal (WSJ). This news arrives shortly after The New York Times reported claims of a breach of loyalty towards a subordinate who reported to Huang. The Nvidia board is set to convene as early as today to decide the future of Huang, sources familiar with the matter inform the WSJ.

Nvidia's stock surged 8.1 percent in after-hours trading on Wall Street just before 24:00 Norwegian time. Huang himself admitted to having been unfaithful, with American intelligence suspecting his ex-wife Alice Huang, a former top executive at data center firm Megaspeed, as a potential Chinese government spy. Nvidia's board has initiated an independent investigation to probe whether Huang has been targeted by foreign intelligence.

Both Chinese authorities and Megaspeed have denied the allegations. Michael O'Rourke, chief strategist at Jonestrading, described the situation as extremely challenging, stating that Huang had accurately predicted 70 percent sales growth this year. O'Rourke added that Huang's successor would have to work hard in the coming year to extinguish fires and clear out rot.

If the allegations are confirmed by Nvidia's independent probe, the board may be forced to terminate Huang. O'Rourke noted that this is the standard in corporate governance, and worse if it turns out to be a pattern.