Nvidia board considers removing CEO Jensen Huang as shares fall 6.5%
Nvidia's board is reportedly weighing whether to remove co-founder and Chief Executive Officer Jensen Huang, days after opening an independent investigation into reports that he was the target of a foreign intelligence effort. The post Nvidia board considers removing CEO Jensen Huang as shares fall 6.5% appeared first on Nairametrics .
Nvidia's board is currently deliberating over whether to remove co-founder and CEO Jensen Huang following allegations of a foreign intelligence effort targeting him. Shares of the company fell 6.53% to $162.38 in after-hours trading, reversing gains from the day's regular session. Nvidia initially announced an independent investigation into claims involving Huang, who has committed to cooperating with the inquiry.
The allegations reportedly stem from Huang's relationship with Alice Huang, a former Megaspeed executive suspected of being a Chinese intelligence asset. Huang acknowledged an extramarital affair, expressing regret but declining to name the individual. His net worth dropped by $7.8 billion in a single day amid the controversy, currently ranking him 10th among global billionaires.
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- Morning Bid: Jensen hangs on as Nvidia tumbles investing.com
- HK, region mixed as Nvidia faces crunch on Huang sack news.rthk.hk
- House Republicans push for Nvidia's Jensen Huang to testify, float subpoena over spy allegations economictimes.indiatimes.com
- Elon Musk says hiring Jensen Huang would be 'an honor' e.vnexpress.net
- Nvidia stock falls 6% as investors await Jensen Huang’s fate cnbc.com
