Nvidia leadership uncertainty deepens as board weighs Jensen Huang's removal
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Compiled by KHAO Editorial
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Nvidia's board of directors met late on Wednesday (November 11) to consider removing co-founder and chief executive Jensen Huang, according to a source familiar with the matter cited by Reuters, as allegations surrounding his personal relationships i
Key facts
The Wall Street Journal first reported that directors were preparing to dismiss Huang following reports of two extramarital affairs, including one involving a woman suspected of links to Chinese intelligence.
His possible departure would create significant uncertainty at a company valued at approximately US$4 trillion.
Huang owns around 3.6% of Nvidia's shares and oversees a management structure in which dozens of senior executives report directly to him.
Nvidia shares declined more than 8% in after-hours trading following reports that directors were preparing to remove Huang.
If those losses are sustained, the company's market value would have fallen by approximately US$600 billion since the board announced its investigation.
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Summary
The Wall Street Journal first reported that directors were preparing to dismiss Huang following reports of two extramarital affairs, including one involving a woman suspected of links to Chinese intelligence.
Reuters subsequently reported that the board was meeting to consider Huang's future. Nvidia did not immediately respond to its request for comment, and no final decision on his position had been announced.