Nvidia weighed ousting Jensen Huang after 2nd affair report
What’s new: The report tied Huang to Kimberly Powell, a vice president who reports to him, as Nvidia shares fell 8% after hours.
Nvidia’s board was preparing to consider removing Chief Executive Jensen Huang after reports that he had a second extramarital relationship, this time with a senior executive who reported to him. The New York Times identified the executive as Kimberly Powell, Nvidia’s vice president of healthcare. The reports added to scrutiny already surrounding Huang and raised fresh questions about compliance with Nvidia’s code of conduct on workplace relationships and conflicts. Bloomberg also reported that Nvidia was working with an outside firm to identify possible CEO candidates. The fallout hit investors quickly, with the chipmaker’s stock falling about 8% in after-hours trading.