CEO Jensen Huang's job is suddenly on the line at Nvidia
Summary
Nvidia’s board is expected to discuss CEO Jensen Huang’s future after reports that he had relationships with two executives, including one at a company customer. The company is investigating the matter, while the FBI is also looking into allegations involving an alleged Chinese spy, according to President Donald Trump.Key Facts
- People familiar with the matter said Nvidia’s board planned urgent talks about Huang’s future on Wednesday.
- Two people familiar with the matter said Huang had a romantic relationship with Nvidia vice-president of healthcare Kimberly Powell.
- Huang admitted on Sunday to having an affair, according to the article.
- The Financial Times reported that Huang was romantically involved with Alice Huang, an executive at an Nvidia customer.
- U.S. intelligence believes Alice Huang was recruited by China’s Ministry of State Security, the article said.
- Nvidia’s board hired a former federal prosecutor to lead its investigation and had previously backed Huang to remain CEO.
- Trump said the FBI was investigating the situation.
- Nvidia shares fell more than 8 percent in after-hours trading after reports about the relationships and possible board action.
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