Another scandal is brewing around $NVDA. According to the Wall Street Journal, Nvidia's board is preparing to discuss the possible ouster of founder and CEO Jensen Huang, with shares falling about 8% in after-hours trading.
What happened?
The New York Times reported on an alleged further extramarital relationship involving Huang, this time with Kimberly Powell, Nvidia's vice president of healthcare, who reports directly to him.
This is already the second controversy in a matter of days. Over the weekend, Huang admitted to infidelity in connection with the first scandal involving Alice Huang, a businesswoman suspected by US intelligence agencies of having links to Chinese intelligence.
Nvidia has already launched an independent investigation into a possible security risk. The company says it has no reason to believe its secrets have been leaked.
The biggest risk now is Huang's possible ouster. He has led Nvidia since its founding in 1993 and is behind its transformation into a dominant supplier of AI chips. His departure could raise serious questions about the company's future leadership.
What do you think? Would Huang's departure be a reason to sell, or an opportunity to buy Nvidia at a lower price? 👇