On Sunday (Nov. 8–9) Huang sent a memo to employees admitting he had been unfaithful to his wife and accepting " responsibility." That day Nvidias board started an independent investigation to find out if he had been targeted by a foreign intelligence operation because of his relationship with Alice Huang (an executive at Singapore-based Megaspeed, a big Nvidia customer). U.S. Officials have connected her to intelligence and said there were issues with chip-smuggling; China has denied the spying accusations.
Detroitnews
The second affair report made things worse. Nvidia does not have a public plan for leadership after Huang. Huang (who started the company and has led it for than 30 years) has many people reporting directly to him and is seen as very important to the companys strategy and culture.
Reuters
Stocks dropped a lot during after-hours trading (reports say about an 8% drop) which added up to hundreds of billions in lost value this week. Analysts and the market have pointed out the risk of a leadership gap.
Detroitnews
Reuters said the board was meeting Wednesday to make a decision; Bloomberg said the board has been working with an outside company to look for possible replacements with CFO Colette Kress mentioned as a possible temporary leader by some.
Reuters
Nvidia has not publicly said anything about plans to remove Huang in the reports far. This is still a developing story with effects, on the company and the whole AI chip industry.
$NVDA
$BTC
$ETH
Detroitnews
The second affair report made things worse. Nvidia does not have a public plan for leadership after Huang. Huang (who started the company and has led it for than 30 years) has many people reporting directly to him and is seen as very important to the companys strategy and culture.
Reuters
Stocks dropped a lot during after-hours trading (reports say about an 8% drop) which added up to hundreds of billions in lost value this week. Analysts and the market have pointed out the risk of a leadership gap.
Detroitnews
Reuters said the board was meeting Wednesday to make a decision; Bloomberg said the board has been working with an outside company to look for possible replacements with CFO Colette Kress mentioned as a possible temporary leader by some.
Reuters
Nvidia has not publicly said anything about plans to remove Huang in the reports far. This is still a developing story with effects, on the company and the whole AI chip industry.
$NVDA
$BTC
$ETH
