🚨 Shock in the AI market: Nvidia’s board of directors is preparing to force out longtime CEO and co-founder Jensen Huang, The Wall Street Journal reports.
The reason is a high-profile scandal involving two extramarital affairs by the executive: one with a vice president at Nvidia and another with the head of Singapore-based Megaspeed, whom U.S. intelligence agencies suspect of spying for China.
NVDA shares plunged by around 8% in after-hours trading following the news. Huang’s departure, with no successor officially lined up, could become the biggest shock to the entire chip industry.
The reason is a high-profile scandal involving two extramarital affairs by the executive: one with a vice president at Nvidia and another with the head of Singapore-based Megaspeed, whom U.S. intelligence agencies suspect of spying for China.
NVDA shares plunged by around 8% in after-hours trading following the news. Huang’s departure, with no successor officially lined up, could become the biggest shock to the entire chip industry.
