Nvidia's board is preparing to oust President and CEO Jensen Huang amid fallout from reports he had an affair with a Chinese businesswoman who sources say worked for China's Ministry of State Security as a spy. This was reported by the Wall Street Journal.
Troubles don't come alone. It turned out that Nvidia's CEO also spoke with the company's vice president, Kimberly Powell. This explains her mysterious and rapid career growth. After this information emerged, the company's shares hit another bottom and threaten to become the beginning of the end of that AI bubble. Be kind!