Nvidia’s board is meeting to discuss CEO Jensen Huang’s future as its leader, two sources familiar with the matter have told CNN. The latest wrinkles in the chip company’s stunning corporate scandal sent shares falling in after-hours trading late on Wednesday (local time).
The board meeting followed a New York Times report that Huang – already under scrutiny for his relationship with a woman believed to be a Chinese spy – had an additional extramarital relationship with a company executive.
There was some expectation among Trump administration insiders that the meeting would result in Huang being ousted after 33 years leading the company, the sources told CNN. The Wall Street Journal first reported the meeting.
Nvidia shares (NVDA) were trading down 8.6 per cent on Wednesday night as investors digested the developments.
Nvidia did not immediately respond to requests for comment about the meeting or the Times report.
RNZ
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The board meeting followed a New York Times report that Huang – already under scrutiny for his relationship with a woman believed to be a Chinese spy – had an additional extramarital relationship with a company executive.
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