Nvidia Shares Fall 22% Since Jensen Huang Affair Reports; Employees Call "Bring Back the Boss"
Summary
Nvidia shares have fallen 22% since reports of alleged extramarital relationships involving co-founder and former CEO Jensen Huang surfaced, triggering internal unrest and a leadership shakeup. Huang has resigned, Colette Kress is serving as interim CEO, and more than 1,600 employees are reportedly urging the company to bring him back.
Key Points
- Nvidia shares have dropped about 22% since controversy over alleged relationships involving former CEO Jensen Huang surfaced.
- Huang resigned as Nvidia president and CEO effective immediately, and CFO Colette Kress was named interim CEO.
- More than 1,600 employees are reportedly supporting Huang’s return through internal comments and messages.
- The controversy also involves Alice Huang, a Chinese business executive associated with Singapore-based AI infrastructure company Megaspeed International.
