From Coinpedia · By Anjali Belgaumkar
Nvidia’s board allegedly met on Wednesday night, US time, to decide whether Jensen Huang should stay on as CEO, Reuters and CNN reported. As of at the time of writing, no decision had been announced. Before the meeting, the Wall Street Journal reported that directors were preparing to remove Huang. Bloomberg said the board is working with an outside search firm on possible replacements and is considering an interim CEO. The meeting marks a sharp shift from Sunday, when the board said it still had confidence in Huang after he admitted an affair with a Megaspeed executive whom US intelligence reportedly suspects of spying for China. Pressure grew after the New York Times reported a second relationship, with Nvidia healthcare vice president Kimberly Powell, who reported directly to him. Nvidia shares fell more than 9% in after-hours trading. The company reports earnings on November 17.
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