Nvidia’s shares plunge as US tech giant’s board reportedly weighs ousting CEO Jensen Huang

Nvidia’s shares plunge as US tech giant’s board reportedly weighs ousting CEO Jensen Huang

Shares in Nvidia, the world's second most valuable company behind Apple, have plunged almost 7.5% in after hours trading.

LOS ANGELES, Nov 12 – US tech giant Nvidia is reportedly looking at whether its CEO will remain with the company.

The company’s board is meeting as its stocks plummeted following US media reports about a second alleged affair involving CEO Jensen Huang.

While the company just yesterday hired a major law firm to conduct an investigation into Huang’s affair with a woman who is allegedly a spy for China, the New York Times reported that Huang also had an affair with an Nvidia employee.

That pushed the board to consider Huang’s ongoing position as CEO of the company, according to reports from the Wall Street Journal and the Financial Times.

Nvidia’s Board had previously appeared supportive of Huang, saying it had no reason to believe the company’s secrets or national security were compromised related to Huang’s first affair.

As of late Wednesday evening, Nvidia’s Board had not released any statement. Calls to multiple company representatives and Nvidia Board members have not received a response.

Nvidia’s share price plunges in after-hours trading

Shares in Nvidia, the world’s second most valuable company behind Apple, have plunged almost 7.5% in after hours trading.

The chip-making giant ended the day on Wall Street in positive terrority after a difficult few days following the news of an affair between CEO Jensen Huang and a…

In brief

LOS ANGELES, Nov 12 – US tech giant Nvidia is reportedly looking at whether its CEO will remain with the company. The company’s board is meeting as its stocks plummeted following US media reports about a second alleged affair involving CEO Jensen Huang. Calls to multiple company representatives and Nvidia Board members have not received a response.

This is the opening of the story, shared with credit to Capital FM Kenya. The rest of the report — with every detail — continues on the publisher’s website.

Continue reading at Capital FM Kenya ↗

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