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Nvidia board reportedly prepares to remove Jensen Huang

Nvidia's shares fell 8% to US$159.95 in extending trading on November 11.

techinasia.com ·

Nvidia board reportedly prepares to remove Jensen Huang

Nvidia's shares experienced a significant drop in after-hours trading on Wednesday, plummeting more than 8 percent. This decline occurred as concerns surrounding CEO Jensen Huang's position intensified, following reports of a potential board meeting and additional extramarital affairs. The stock's decline erased a 2.9 percent rebound from the previous trading session, with Nvidia's shares already plummeting over 9.5 percent on Monday and Tuesday.

As speculation grew regarding Huang's continued tenure, The Wall Street Journal reported that the company's board was set to meet and potentially remove him as early as Wednesday. Additionally, The New York Times revealed that Huang, who had previously admitted to marital infidelity with a Chinese businesswoman, was also embroiled in an extramarital relationship with Nvidia's vice-president of healthcare, Kimberly Powell.

Five sources familiar with the situation confirmed these allegations to The New York Times, but Nvidia declined to comment on the matter.

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