Nvidia sinks after report implicates CEO Jensen Huang in 2nd affair
Summary
The New York Times reported that Nvidia CEO Jensen Huang had a relationship with Kimberly Powell, a senior executive who reports to him; both are married to other people. Nvidia shares fell nearly 5% in after-hours trading after the report, which follows an earlier report about Huang’s relationship with a suspected spy.Key Facts
- The Times reported that Huang, 63, had a relationship with Kimberly Powell, 48, Nvidia’s vice president of health care.
- The Times said Huang and Powell were seen being affectionate at a hotel during Nvidia’s developer conference in San Jose in March.
- According to the Times, Huang’s security team offered a bystander who recorded the interaction a nondisclosure agreement.
- Nvidia declined to issue a statement to the Times, and Powell did not respond to a request for comment, the article said.
- Nvidia shares fell nearly 5% in after-hours trading Wednesday.
- The article said Nvidia had lost about $1 trillion in market value since the Times reported on Oct. 29 that Huang had a close relationship with a suspected spy.
- Nvidia has an independent panel investigating Huang’s conduct and hired the law firm Wachtell, Lipton, Rosen & Katz to handle the probe.
- The article said Huang had confirmed in a company email that he had been unfaithful in his marriage.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
