Nvidia’s share price dropped more than eight percent amid speculation over the company’s leadership direction.
Reports indicate Nvidia’s board of directors is convening to discuss the future of Chief Executive Officer Jensen Huang.
Nvidia shares declined over eight percent in after-hours trading on Wednesday, with questions surrounding Chief Executive Officer Jensen Huang’s position at the helm of the $4.2 trillion enterprise.
The market decline follows reporting from The New York Times, Financial Times, and The Wall Street Journal that Nvidia’s board would deliberate on Huang’s position amid personal-life controversy.
Nvidia has not yet issued a statement regarding the reports.
The reported board meeting follows allegations involving Huang’s personal conduct, including an extramarital relationship with an Nvidia employee and another relationship with a woman accused of ties to Chinese intelligence services.
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