WSJ: Nvidia board reportedly prepares to dismiss Jensen Huang
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The Wall Street Journal reports that Nvidia’s board is preparing to dismiss CEO Jensen Huang after a New York Times report about a second alleged extramarital affair, this time involving Kimberly Powell, the company’s vice president of health care. According to the Journal, the board could meet that day to decide Huang’s future.
The alleged incident took place during the GTC developer conference in March, when two unnamed sources told the Times that Huang and Powell were captured together at a hotel in San Jose; the newspaper has not seen the video. Nvidia and Huang had previously confirmed an extramarital relationship with Alice Huang, a Megaspeed executive alleged to be a Chinese spy. Nvidia’s stock fell more than 7% in after-hours trading, The Verge reports.
Why it matters · editorial interpretation
According to The Wall Street Journal, a possible board decision about Jensen Huang’s future creates immediate uncertainty around Nvidia’s leadership. The more-than-7% after-hours stock decline reported by The Verge indicates that the market reacted to the news, although the allegations remain attributed to sources and reports.
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