Nvidia shares plunge amid reports board to discuss CEO Huang’s future
Nvidia's stock price tumbled more than 8 percent in after-hours trading Wednesday amid reports that its board is meeting to consider CEO Jensen Huang's future.
The dramatic drop in Nvidia's stock value follows reports that its board of directors is convening to evaluate Huang's position as CEO. The discussions come amid controversies surrounding Huang's personal life, including an extramarital relationship with an Nvidia employee and an affair with a woman allegedly connected to Chinese intelligence services.
Board Meeting
The reported board meeting represents a significant moment for the $4.2 trillion chip giant, which has become a dominant force in the semiconductor industry. Major publications including the New York Times, Financial Times, and Wall Street Journal have all reported on the potential leadership shake-up.
Nvidia did not immediately respond to Al Jazeera's requests for comment.
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