Nvidia shares fall on claims that Jensen Huang could be ousted
Nvidia shares dropped nearly 10 percent in after-hours trading following reports that the company's board of directors is considering removing CEO Jensen Huang due to allegations of a second extramarital affair.
Nvidia shares saw a decline of nearly 10 percent in after-hours trading on Wednesday following reports that the company's board of directors is planning to remove CEO Jensen Huang.
According to information reported by the Wall Street Journal, the Nvidia board of directors has convened to decide on the future of CEO Jensen Huang. The development is centered on allegations of a second extramarital affair involving Huang.
These allegations, which have created uncertainty in the markets, led to a sudden drop in the value of the tech giant's shares. No official statement has been made by the company management or Huang's side regarding the allegations.
Sources
- asia.nikkei.com · Link