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Nvidia shares fall 8% on reports of Huang’s possible exit
Nvidia shares fell about 8% in after-hours trading on November 11 after a report said the board could meet as soon as that day to decide co-founder and CEO Jensen Huang’s future.
The Nvidia board is reportedly preparing to remove Huang, who has led the chip designer for 33 years.
One report said Huang admitted on November 8 to an extramarital affair with a woman purportedly identified by US intelligence as a Chinese spy.
A separate report on November 11 said Huang also had an affair with an executive who reports to him.
Nvidia shares are down about 11% over the past five days.
A separate report said Nvidia is working with an outside firm to identify potential replacements for Huang as CEO.
🔗 Source: TechCrunch
