Nvidia Board Moves to Oust CEO Jensen Huang Amid Scandals

thehindu.com [$] —

Nvidia's board is preparing to oust co-founder and CEO Jensen Huang following new adultery allegations and insider investigations, according to U.S. media reports on Wednesday. The Wall Street Journal reported the board may meet as soon as Wednesday to decide Huang's fate, after the New York Times revealed a second affair with vice president Kimberly Powell. Huang admitted to being unfaithful to his wife, following revelations of a relationship with Alice Huang, a Singapore-based executive allegedly linked to Chinese intelligence. Nvidia has launched an independent investigation into foreign intelligence efforts targeting Huang, while shareholders filed a class action lawsuit over undisclosed information. The scandal has caused Nvidia's shares to plummet, despite the company's market valuation reaching $4.5 trillion amid the AI boom.


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