Nvidia moves to push out Jensen Huang after 2 affair reports
Why it matters: The turmoil erased about $600 billion in market value this week and threatens a leadership vacuum at the AI chip giant.
Nvidia’s board is preparing to decide Jensen Huang’s future after reports that the chief executive had two extramarital relationships, including one with vice president of healthcare Kimberly Powell, who worked under him. The New York Times reported Huang and Powell were seen being affectionate at a San Jose hotel during an Nvidia conference in March. The scrutiny comes after disclosures about Huang’s relationship with Alice Huang, a Chinese executive whom US intelligence has identified as a Chinese intelligence asset. Nvidia opened an investigation led by Wachtell, Lipton, Rosen & Katz, and Bloomberg reported the company was working with an outside firm to identify CEO candidates. Nvidia shares fell about 8% after hours.