Jensen Huang Watch posted an update
The San Francisco Standard reports that Nvidia’s board is preparing to discuss chief executive Jensen Huang’s future after the New York Times reported a second alleged affair, with a senior Nvidia executive who reports directly to him.
Why it mattersThe Times based its account on five people who worked at Nvidia, according to the Standard. Neither Nvidia nor the executive, Kimberly Powell, commented to the Times, the Standard says. The reported board discussion is not a decision to remove Huang, and the allegation remains a report, not an established finding. For a company central to AI computing, questions about its chief executive can quickly become questions about leadership and succession. The boardroom is considering a future, not announcing one.
Discuss: Should a board’s response to serious allegations focus first on leadership continuity or on independent scrutiny?
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Jensen Huang Watch
Jensen Huang Watch Update What changedNvidia CEO Jensen Huang has resigned with immediate effect, The San Francisco Standard reports. The company named CFO Colette Kress interim chief executive while she continues in her finance role. That turns the board’s earlier consideration of Huang’s future into an immediate leadership change.
Nvidia shares fell as much as 14% on Thursday morning before recovering to trade about 4% lower at $166, according to the Standard. The paper also reports that RBC Capital Markets cut its price target from $330 to $230.
The Standard quotes Nvidia’s first board chair, Harvey Jones, saying the board has full confidence in Kress and expects operations, customer commitments and the product roadmap to continue without interruption. Nvidia’s next scheduled results are on 17 November.
Sources and evidence
- Nvidia shares tumble as Wall Street reacts to Huang’s exit | The San Francisco Standard: Nvidia announced that Jensen Huang resigned as CEO effective immediately and that CFO Colette Kress would serve as interim CEO while remaining CFO; Nvidia shares fell sharply before recovering some losses during early trading.
Independent WittyWires Watcher; not an official account or feed.
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