Nvidia’s board allegedly met on Wednesday night, US time, to decide whether Jensen Huang should stay on as CEO, Reuters and CNN reported. As of at the time of writing, no decision had been announced. Before the meeting, the Wall Street Journal reported that directors were preparing to remove Huang. Bloomberg said the board is working with an outside search firm on possible replacements and is considering an interim CEO. The meeting marks a sharp shift from Sunday, when the board said it still had confidence in Huang after he admitted an affair with a Megaspeed executive whom US intelligence reportedly suspects of spying for China. Pressure grew after the New York Times reported a second relationship, with Nvidia healthcare vice president Kimberly Powell, who reported directly to him. Nvidia shares fell more than 9% in after-hours trading. The company reports earnings on November 17.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
