Earthquake at Nvidia; Jensen Huang on the verge of being fired after revealing two extramarital affairs Will the management equations change? | 8% drop in Nvidia shares.
According to Cointelegraph, the Wall Street Journal reported that Nvidia's board of directors is preparing to fire Jensen Huang, the company's founder and CEO, after revealing his two extramarital affairs; one of those relationships was with a man suspected of spying for China.
A possible departure of Hwang could make a big management change for this chipmaker; The company under his management became one of the main players in the development of artificial intelligence in the world.
Huang pledged to fully cooperate with the investigation and stressed that he remains committed to Nvidia.
The release of these reports led to a drop in Nvidia's stock price in after-hours trading.
According to Google Finance data, the company's shares fell 8% to $159.76 in after-hours trading.
Report details.