Tyrian Trade

Nvidia CEO Jensen Huang Faces New Scrutiny After Reported Relationship With Company Executive

Nvidia $NVDA CEO Jensen Huang had an extramarital relationship with an executive who reported directly to him, according to The New York Times, citing five people who worked at the semiconductor company.
The report identified the executive as Kimberly Powell, Nvidia's vice president of healthcare. Two sources told the newspaper that Huang and Powell were recorded together at a San Jose hotel during Nvidia's March developer conference. The sources also alleged that Huang's security personnel offered the person recording them a nondisclosure agreement. The newspaper did not independently review the recording.
Nvidia shares initially fell nearly 4% in after-hours trading following the report, reversing gains from the regular session. The allegations add to an existing board investigation concerning Huang's previously acknowledged extramarital relationship with a woman suspected by US intelligence authorities of having ties to Chinese intelligence.
Neither the second reported relationship nor the separate intelligence allegations establish that company information was compromised. The controversy has nevertheless intensified scrutiny of Nvidia's corporate governance and Huang's future as chief executive.

Nvidia CEO Jensen Huang Faces New Scrutiny After Reported Relationship With Company Executive

Loading…