Nvidia is reportedly preparing to fire Jensen Huang

Developing story first seen 39 minutes ago

The Verge · 30 minutes ago

The Wall Street Journal reports that Nvidia’s board is preparing to dismiss chief executive Jensen Huang and could meet as soon as today to decide his future. The report suggests the board may act before an investigation into a separate relationship is complete.

The reported move follows allegations of a second affair, with Nvidia health-care vice-president Kimberly Powell. The New York Times says two unnamed sources reported seeing them together at a hotel during Nvidia’s March conference, but it has not seen the video; Nvidia had not immediately commented. The company and Huang have confirmed a separate relationship and hired former US attorney Joon H. Kim’s firm to investigate, while Nvidia shares fell more than 7 per cent in after-hours trading on Wednesday.

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In short

Nvidia’s board may decide Jensen Huang’s future as soon as today.
The reported dismissal follows allegations of a second affair.
Nvidia shares fell more than 7 per cent in after-hours trading.

How this story developed

3 minutes ago The new report says Nvidia’s board is preparing to dismiss chief executive Jensen Huang and may meet as soon as today to decide his future. If it acts, the board could move before an investigation into a separate relationship has concluded.
30 minutes ago The Wall Street Journal reports that Nvidia’s board is preparing to dismiss chief executive Jensen Huang and could meet as soon as today to decide his future. The report suggests the board may act before an investigation into a separate relationship is complete.
33 minutes ago The article reports that Nvidia’s board may dismiss chief executive Jensen Huang after allegations of a second affair, this time with a senior executive who reports to him.