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Rohan Paul@rohanpaul_ai
Bloomberg: Nvidia’s board is working with an outside search firm on possible replacements for Jensen Huang and is considering an interim CEO, according to a person familiar with the situation.
The situation escalated late Wednesday, when the Times reported a second relationship, with Kimberly Powell, Nvidia’s vice president of healthcare, who reports directly to him.
WSJ: Nvidia’s board, which publicly backed Jensen Huang on Sunday, is now close to deciding whether to remove its founder CEO.
The shift came as a second affair, with an Nvidia employee, surfaced alongside his admitted relationship with a suspected Chinese intelligence asset.
When it opened an independent probe on Sunday, the board said it had no reason to believe Nvidia secrets were compromised.
Shares fell about 8% after hours, and Huang, the largest shareholder at about 3.6%, has rejected formal succession planning.
With roughly 60 direct reports and no named successor, Nvidia’s own proxy report warns that weak succession could hurt strategy and execution.
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NYTimes just published this.
Jensen Huang reportedly had a second affair, this time with a subordinate, according to 5 people who worked at the company.
According to 2 of those people, the pair were filmed being affectionate at a San Jose hotel during the GTC developer event in March.
Huang’s security team then sequestered the bystander who filmed them and offered a nondisclosure agreement, 3 people briefed on the incident said.
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