Shares of Nvidia dropped quickly in after-hours trading amid multiple reports that the company’s board would meet Wednesday night to discuss CEO Jensen Huang’s future after The New York Times reported that he had a relationship with an executive who reported to him.
\n\nThe Times report, which cited five people who worked at Nvidia, followed reports in recent days that Huang had been involved in a relationship with a woman suspected of being a Chinese spy.
\n\nNBC News has not confirmed the Times report or reports that the company’s board was meeting Wednesday night. The Wall Street Journal first reported the board’s plans, citing people familiar with the matter.
\n\nHuang wrote in a note to employees Sunday that he had been “unfaithful to his wife,” though he did not specify details. NBC News reported that officials believe the first woman, Alice Huang, was a Chinese intelligence operative.
\n\nChina has denied the allegations, calling them “purely unsubstantiated and directed at smearing China.”
\n\nNvidia did not respond to requests for comment.
\n\nNvidia’s stock drop after hours would erase almost $400 billion in value if it carries over to the regular trading session at 9:30 a.m. Thursday.
\n\nHuang is among the most important…
Original source: https://www.nbcnews.com/