3 articles
The Wall Street Journal, citing people familiar with the matter, reported that Nvidia’s board is preparing to discuss CEO Jensen Huang’s future. A meeting could take place as early as November 11, US time. Nvidia shares fell more than 9% in after-hours trading after the report.
Nvidia shares fell 5.5% on November 10, bringing the company’s market value loss over two trading days to about $425 billion. CEO Jensen Huang has acknowledged a past extramarital relationship, and the board has launched an independent investigation. Investors are watching for potential governance risks.
Nvidia’s board is investigating whether CEO Jensen Huang was targeted by a foreign intelligence agency. The company says he will remain in charge during the investigation and that it has no reason to believe national security or company secrets were compromised. The case has drawn attention to Nvidia’s succession plans.
