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.
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.
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 content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
XRP rich list is showing steady growth despite the recent slump in the coin's price…
Although Bitcoin (BTC) has been trapped in a correction mode over the past six weeks,…
Israel Discount Bank, a $150 billion bank, has become the first in the country to…
Even though Nvidia Corp. (NASDAQ: NVDA) stock has capitulated by more than 27% over the…
Bitcoin has fallen to its lowest level since August 20, and fear is back across…
Some of the biggest names in the XRP world now have the green light to…
