Nvidia shares dropped more than ten percent in pre-market trading Thursday after reports that the company’s board is considering the removal of CEO Jensen Huang following revelations of two extramarital relationships, one of them with a direct report and another with a woman U.S. intelligence officials reportedly believe is a spy for China. Jensen Huang has now resigned from his position as CEO.
\n\nCNBC reports that Nvidia stock is down more than ten percent in pre-market trading as of 8:58 a.m. EST. The stock is now down more than 20 percent over the past month, in large part due to Huang’s China spy scandal. Since this story was first published, Nvidia announced that Jensen Huang has resigned from his position as CEO.
\n\nThe slide follows a rough week for the chipmaker. On Sunday, Huang admitted to having an affair. The media reported he was romantically involved with Alice Huang, an executive at the cloud company Megaspeed, who U.S. intelligence officials reportedly believe is a spy for China. Then, on Wednesday, the New York Times reported that Huang had a separate extramarital relationship with Kimberly Powell, Nvidia’s vice president of health care, who reports directly to him.
\n\nCNBC confirmed that the…
Original source: https://www.breitbart.com/economy/
