NVIDIA Board Discusses Potential Ouster of CEO Jensen Huang
NVIDIA's board of directors is considering the dismissal of CEO Jensen Huang following reports of personal relationships and a massive drop in market value.
NVIDIA's board of directors convened on Wednesday to discuss the future of CEO Jensen Huang, amid reports that the company is considering his dismissal.
The discussions follow Huang's admission of an emotional relationship, as well as reports involving another affair with Kimberly Powell, the head of healthcare at NVIDIA.
These events coincided with a severe plunge in the company's stock value, leading to a market capitalization loss of nearly $600 billion.
To address the situation, the company has engaged a law firm to perform a thorough and independent investigation into the nature and impact of these relationships.
Huang is facing intense pressure during the global AI race, despite his significant influence and substantial ownership stake in the company.