Nvidia’s stock drops as board reportedly preps to oust CEO Jensen Huang
Nvidia has no obvious successor or succession plan, according to the report.
The Wall Street Journal reported that the board could meet as soon as Wednesday to determine Jensen Huang’s future after 33 years as CEO. Huang admitted Sunday to an affair with a woman whom U.S. intelligence purportedly identified as a Chinese spy. The New York Times subsequently reported an affair with an executive who reports to him. Nvidia shares fell about 8% in Wednesday’s after-hours trading, bringing their five-day decline to roughly 11%.
TechCrunch AI's note
The Wall Street Journal reported that the board could meet as soon as Wednesday to determine Jensen Huang’s future after 33 years as CEO. Huang admitted Sunday to an affair with a woman whom U.S. intelligence purportedly identified as a Chinese spy. The New York Times subsequently reported an affair with an executive who reports to him. Nvidia shares fell about 8% in Wednesday’s after-hours trading, bringing their five-day decline to roughly 11%.
TechCrunch AI's note
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