Nvidia Stock Sinks After Reports Say Jensen Huang Had Another Affair And Board May Oust Him

Nvidia CEO Jensen Huang and Nvidia’s vice president of health care Kimberly Powell. (Image: X)

Nvidia’s shares tumbled more than 10% in after-hours trading on Wednesday after two reports landed within minutes of each other. One said chief executive Jensen Huang had a second extramarital relationship, this time with an executive at his own company. The other said the board is getting ready to remove him from the job.

The first came from the New York Times, which said Huang had an affair with Kimberly Powell, Nvidia’s vice president of health care, who reports to him. Minutes later, the Wall Street Journal reported that the company’s board is preparing to oust him. Nvidia’s earlier slide in after-hours trading had been a little over 3%. It deepened to more than 7% once the second report came out.

The two stories arrive days after Huang admitted to an affair with a woman US intelligence believes is a Chinese spy.

Huang is 63 and Powell is 48. Both are married to other people.

Two of the sources said the pair were filmed being affectionate at a hotel in San Jose, California, during Nvidia’s developer conference in March. The Times has not seen the…

Original source: https://www.timesnownews.com/delhi