Nvidia sinks after report implicates CEO Jensen Huang in 2nd affair
The company's lost nearly $1 trillion in value since the first reports linking Huang to a suspected spy.
TL;DR
- Nvidia CEO Jensen Huang is reportedly involved in a second affair with a senior executive who reports to him.
- The New York Times reported on the affair, adding to existing investigations into Huang's conduct.
- Nvidia's stock fell nearly 7% in after-hours trading following the report.
- The company has lost approximately $1 trillion in market cap since initial reports of Huang's relationship with a suspected spy surfaced.
- Business ethics experts suggest that Huang may need to be fired due to the relationship with a direct report.
- Nvidia's board is reportedly meeting to discuss Huang's possible dismissal.