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Nvidia News: Second Affair Report Puts Jensen Huang’s Future In Doubt
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Nvidia’s board is preparing to remove co-founder and CEO Jensen Huang, the Wall Street Journal reported on Wednesday, sending shares down 8.61% to $158.78 in after-hours trading. The stock had closed 2.87% higher at $173.73. The board could meet as soon as Wednesday to decide his future, according to the Journal. The report came minutes after the New York Times said Huang had an extramarital relationship with Kimberly Powell, Nvidia’s vice president of health care, who joined in 2008 and has led the unit since 2017. The pair were reportedly seen together at a San Jose hotel in March. Nvidia and Powell did not respond to requests for comment. The news follows Huang’s admission days earlier of an affair with former Megaspeed executive Alice Huang, whom US intelligence reportedly suspects of spying for China. The board’s law firm, Wachtell Lipton, is already investigating. Nvidia reports earnings on November 17.
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