There are reports that NVIDIA plans to remove CEO Jensen Huang NVIDIA; shares tumbled 8% after the news.
The Block
1h ago
Ai Focus
Insiders say that NVIDIA's board of directors plans to hold a meeting to vote on the removal of CEO Jensen Huang as soon as possible on the same day, but NVIDIA has not yet confirmed the meeting or any removal plans. After the news broke, NVIDIA's stock price tumbled 8% after hours.
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According to people familiar with the matter, NVIDIA's board of directors plans to hold a meeting to vote on the possible removal of Jensen Huang from his position as CEO as soon as that day. The information comes from individuals who are aware of the board's discussions. NVIDIA has not yet confirmed the meeting or any plans for removal.

NVIDIA's stock price tumbled by 8% after the earnings report.

Previously, according to five individuals who have worked at NVIDIA, Jensen Huang, the CEO of NVIDIA, also had an extramarital affair with a senior executive who reported to him.

The previously unreported romantic partner is Kimberly Powell ( Kimberly Powell ), the vice president of healthcare at NVIDIA. According to NVIDIA's code of conduct, employees are required to "avoid situations where our actions may cause conflicts," including "personal relationships," and the company states that it "will promptly investigate reports of inappropriate behavior." Many companies have policies that prohibit romantic relationships between managers and subordinates.

According to two individuals who have worked at NVIDIA, Jensen Huang, who is 63 years old, and Powell, who is 48 years old, were caught in an intimate moment at a hotel in San Jose, California during a NVIDIA conference in March.

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