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Jensen Huang, CEO of Nvidia, is under increased scrutiny following reports of a second extramarital affair. The Wall Street Journal reported that Nvidia's board is considering removing Huang after he admitted to an affair with a woman identified as a Chinese spy. The New York Times further reported that Huang had an affair with Kimberly Powell, Nvidia's vice president of healthcare.
Nvidia's board is meeting to decide Huang's future, and the FBI is investigating his relationship with Alice Huang, the alleged spy. Despite the allegations, Nvidia's board stated they have "no reason to believe that either national security or Nvidia secrets were compromised."
The company's shares fell over 7% in after-hours trading on Wednesday (November 11). Huang, who co-founded Nvidia in 1993, has been pivotal to its success, especially in AI technology. The board's decision could significantly impact the company's leadership and the broader AI industry.
According to Startup Fortune, prediction markets have increased the odds of Huang's departure by year-end to 75%. Nvidia's board is reportedly working with an outside firm to identify potential successors, as reported by Investing.com.
The situation remains fluid, with the board expected to make a decision soon. The outcome will determine whether Nvidia can maintain its position as a leader in AI technology without Huang at the helm.