Gulf business leaders rally behind Nvidia's Jensen Huang as board weighs his future
Gulf business figures have rallied behind Jensen Huang as Nvidia's board weighs whether to remove its co-founder and chief executive over two alleged affairs. "If he is forced to depart, it will be big loss for the world, not for America, for the world. This guy has done a great job," Hussain Sajwani, founder and chairman of Damac Properties, said at Bloomberg Invest in Dubai on Thursday. Saudi…
Gulf business leaders have expressed their support for Nvidia CEO Jensen Huang despite the company's board considering removing him due to allegations of infidelity. Founder and chairman of Damac Properties, Hussain Sajwani, stated that Huang's contributions to the world are invaluable. Prince Khaled bin Alwaleed, a prominent Saudi investor, harshly criticized the potential decision, calling it "the dumbest thing they've ever done."
Huang admitted to having affairs with both an unnamed businesswoman and a senior Nvidia executive. The board is investigating whether he was the target of a foreign intelligence operation. Nvidia's stock experienced a 7% drop in pre-market trading amid the leadership crisis. Huang's close ties to the Gulf, particularly in artificial intelligence initiatives, made his potential departure a significant loss not just for America but for the world.
The scandal has also sparked scrutiny in Washington, with calls for tighter regulations on chip exports to China.
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