Nvidia shares fall as US tech giant’s board reportedly considers ousting CEO Jensen Huang – follow live
A Timeline of the Jensen Huang Scandalpublished at 02:08 GMT
Image source, Bloomberg via Getty ImagesNvidia has endured a tumultuous week, as AI boss Jensen Huang found himself embroiled in a scandal. Here’s how it went:
November 8: Huang admits to extramarital affair in apology email to Nvidia employees.
“I owe my family and all of you an apology,” Huang told his company. “I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.”
His admission follows reports that the United States is investigating a suspected Chinese spy who allegedly had close relations with the Nvidia boss. The woman, Alice Huang, had already been photographed several times with the head of Nvidia.
Nvidia board launches independent external investigation. They previously said Huang’s interactions with the woman were “neither unusual nor unexpected.”
November 9: US President Donald Trump said the FBI was investigating the scandal, adding that Huang told him he was unaware the woman he was with was a spy. Beijing publicly rejects the spying allegations as smear.
November 11: The story takes another turn after a report that Huang also had an extramarital affair with Kimberly Powell, Nvidia’s vice president of healthcare, who reports directly to him.
Nvidia’s board of directors is reportedly preparing to meet to decide Huang’s future at the company. The company’s shares have been falling all week, wiping more than $500 billion (£376 billion) from Nvidia’s market value.
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