Nvidia stock inches higher as investors continue to weigh Jensen Huang’s departure
Shares recover some ground after a volatile Thursday following reports of affairs and Huang's departure.
Quick Look
Nvidia shares rose 0.7% in premarket trading Friday following CEO Jensen Huang's resignation amid reports of multiple affairs and an ongoing board investigation.
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Why It Matters
Jensen Huang resigned as CEO of Nvidia on Thursday following reports of relationships with employees and board scrutiny.
Nvidia shares were slightly higher in premarket trading on Friday as investors navigate the fallout from Jensen Huang's resignation after reports of at least two affairs.
Shares of Nvidia were 0.7% higher as of 4:08 a.m. ET.
It follows a wild day for the stock on Thursday, which dropped sharply before recovering to close just over 4% lower.
Huang resigned as CEO of Nvidia on Thursday after The New York Times reported that Huang had a romantic relationship with Kimberly Powell, vice president of health care at Nvidia.
Huang was already under scrutiny following an investigation by the board into his relationship with a businesswoman who intelligence agencies say is a Chinese spy.
Reuters reported on Thursday the existence of another affair with an Nvidia employee, which the news agency did not name. Nvidia did not immediately respond to CNBC's request for comment.
Open Questions
- Who will permanently replace Jensen Huang as CEO?
- What are the full findings of the board investigation?
