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Artificial Intelligence — Technology

Nvidia Shares Slide Amid Reports Of Possible Jensen Huang Exit

The controversy follows reports by The Financial Times and The New York Times alleging relationships with two women

,   and  TIPP Staff
2 min read
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Nvidia shares plunged 6.3% in premarket trading on Thursday as investors reacted to reports that the company's board was considering removing CEO Jensen Huang following allegations of extramarital affairs.

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According to CNBC, the board met on Wednesday to discuss Huang's future. The controversy follows reports by The Financial Times and The New York Times alleging relationships with two women, including an Nvidia executive who reportedly reports directly to him.

The leadership uncertainty has raised concerns about Nvidia's future, given Huang's central role in building the company into a dominant force in the artificial intelligence industry.

Wall Street analysts warned that removing him could trigger a further 20% decline in the stock. Bernstein also halved its price target from $400 to $200.

Meanwhile, some US lawmakers have called for Huang's resignation, increasing pressure on Nvidia's board to address the controversy and its succession plans.

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US Intelligence Suspects Chinese Agency Recruited Woman Linked To Nvidia CEO
Jensen Huang recently acknowledged an affair, but there is no confirmation that sensitive information was obtained or shared.
tippinsightsTIPP Staff

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