Nvidia CEO Jensen Huang is the largest shareholder, owning 3.6% of the firm|World Economic Forum|CC BY-NC-SA 4.0
Nvidia’s board is reportedly weighing Jensen Huang’s removal as CEO, with directors said to have met last night to discuss his future and the possibility of an imminent leadership change.
The news of Huang’s possible impending departure follows closely on the heels of a New York Times report detailing allegations of another extramarital affair involving the Nvidia chief and the company’s vice president of health care, Kimberly Powell.
Earlier this week, Huang acknowledged his extramarital affair with Alice Huang, who is suspected of having ties to Chinese intelligence. The allegations involving Powell relate to an entirely separate relationship.
The company’s stock fell 8% on Wednesday as the 11-member board met to decide the CEO’s future. The action was a sharp reversal from Nvidia’s earlier strong stance on keeping Huang in leadership.
Not so easy
The move threatens to disrupt the $4 trillion AI chipmaker.
Huang co-founded Nvidia and has served as its president and CEO since 1993, without naming a successor. He remains the company’s largest individual shareholder, with a stake of approximately 3.5%, and has overseen a staggering 700,000% surge in its share price.
Polymarket now shows an 88% probability that Huang will exit by year-end.
The CEO also faces a potential congressional briefing behind closed doors that would probe his relationship with Alice Huang.