Nvidia board meets to decide CEO Huang’s future, source says
Nov 11 (Reuters) - Nvidia's board is meeting on Wednesday to decide whether to oust CEO Jensen Huang, a source familiar with the matter told Reuters, as the world's dominant supplier of AI processors grapples with reports of two extramarital affairs involving its longtime leader.
Nvidia's board of directors is meeting on Wednesday to discuss whether to remove CEO Jensen Huang, according to a source familiar with the situation. The world's leading provider of AI processors is grappling with reports of two extramarital affairs involving Huang, who co-founded the company over three decades ago and built it into a dominant force in the artificial-intelligence boom.
Huang, 63, owns about 3.6% of Nvidia's stock and has direct control over the company, but there is currently no clear successor in place. The board's investigation, which includes an independent probe, could lead to a leadership vacuum at the roughly $4 trillion chipmaker. If Huang is found to have broken company policies, the board is expected to act swiftly.
Nvidia's shares have lost billions in market value this week, with a 8% drop in after-hours trading reported after the Wall Street Journal first reported the potential ouster. Huang has denied any wrongdoing but acknowledged being unfaithful to his wife, causing a backlash against the tech giant and its rivals like AMD and Broadcom.
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