Nvidia board considers firing Jensen Huang over personal scandals

Jensen Huang, the chief executive officer of the American technology giant Nvidia, may lose his position in the company's leadership. The board of directors is currently actively discussing the possibility of his removal from office. This initiative has emerged against the backdrop of significant media resonance related to the top manager's personal life.

Scandal involving employees and intelligence services

The trigger for the discussions was Huang's admission of an extramarital affair with Alice Huang. This businesswoman is under suspicion by US intelligence agencies of collaborating with Chinese intelligence. In addition, overnight, media reports emerged about the Nvidia head's relationship with Kimberly Powell, who holds the position of vice president of the company.

Financial consequences for shareholders

News of the chief executive's personal problems triggered a sharp market reaction. The value of Nvidia shares fell by more than 8%. Over the past month, the company's stock prices have dropped by over 33%, resulting in a reduction of the corporation's market capitalisation by $800 billion.

The board of directors is expected to make a final decision regarding the future fate of Jensen Huang in the near future.