Nvidia, new deal for CEO Jensen Huang: the board considers removal

A new sentimental affair shakes the top management of Nvidia. CEO Jensen Huang is reportedly involved in a relationship with a company manager, as reported by the New York Times.

According to what was reported by the Wall Street Journal, among other things, it was the woman's husband, Alice Huang, who introduced her to the CEO of Nvidia. The story was reconstructed on the basis of testimonies from people close to the couple, former collaborators and sources familiar with their affairs, compared with documents from the company registers and images of the two together.

Her husband, Chinese entrepreneur Kang Wei, had known Jensen Huang for about ten years. For two years he apparently accepted the relationship, even joking with his collaborators about the fact that his wife had become the personal assistant of Nvidia's number one.

According to the newspaper, the couple used their contacts to develop entrepreneurial activities in China, Singapore and Taiwan, moving from video games to cloud computing and data centers for artificial intelligence.

The reaction of the markets

The news prompted an immediate market reaction, with the tech giant's shares falling 7% in after-hours trading. Meanwhile, the company's board of directors is meeting to evaluate the possible removal of the CEO, a decision that could open a phase of strong uncertainty for one of the world's leading players in the artificial intelligence sector.

The meeting of the board of directors

Given the circumstances, Nvidia's board of directors met to discuss the future of the CEO and evaluate his possible ouster. No final decision has been announced at this time. The affair could have significant consequences for the governance of the company, given the central role played by Huang in the growth of the group.

The possible consequences for the artificial intelligence giant

A possible farewell to Jensen Huang would represent a delicate transition for Nvidia, which has become one of the main protagonists of the artificial intelligence boom. The Silicon Valley company is among the most valuable listed companies in the world and, as reported by ANSA, controls around 90% of the market for chips used in large artificial intelligence projects. The possible exit of its CEO could therefore have repercussions not only on the future of the company, but also on a strategic sector for the US economy.

In-depth analysis

What we know about Jensen Huang's relationship with a 'Chinese spy'