Nvidia CEO faces allegations of second extramarital affair with employee

 

Nvidia CEO faces allegations of second extramarital affair with employee
AI chip giant Nvidia is reportedly preparing to oust its CEO, Jensen Huang, after new reports claimed that he had a second extramarital affair.
 
According to The Wall Street Journal and The New York Times, Mr Huang had a relationship with an executive who reports to him
It comes after the entrepreneur admitted to having an affair with a woman alleged to have been a Chinese spy.
 
In extended trading after Wednesday's close, Nvidia stock had fallen by more than 8%, taking its share price to $160 (£120). That's the lowest level in more than a year, and it continues a brutal three-day rout that has wiped about $600bn (£451bn) from the company's value.
 
A board meeting is expected to take place today to determine Mr Huang's future.
 
Earlier this week, Nvidia launched an investigation into claims its CEO was "the target of a foreign intelligence effort,"  and President Donald Trump has said the FBI is looking into the allegations.
 
Nvidia is one of the most significant companies in the United States, with a market capitalization of about $4 trillion.

Post a Comment

0 Comments