Nvidia shares drop after hours amid meeting over CEO Jensen Huang’s future

Shares of Nvidia dropped almost 9% in after-hours trading amid multiple reports that the company’s board would meet Wednesday night to discuss CEO Jensen Huang’s future after The New York Times reported that he had a relationship with an executive who reported to him.

Nvidia’s board is meeting to address Jensen Huang’s future at the company, two sources familiar with the matter told NBC News. The meeting is happening Wednesday evening and the White House is aware, one source said.

The New York Times reported, citing five people who worked at Nvidia, that Huang had been involved in a relationship with a woman who reported to him, in addition to a woman who was suspected of being a Chinese spy.

NBC News has not confirmed the Times report. The Wall Street Journal first reported the board’s meeting, citing people familiar with the matter.

Huang wrote in a note to employees Sunday that he had been “unfaithful to his wife,” though he did not specify details. NBC News reported that U.S. intelligence agencies had determined that the first woman, Alice Huang, was a Chinese intelligence operative.

China has denied the allegations, calling them “purely unsubstantiated and directed at smearing China.”

Nvidia…

Original source: https://www.nbcnews.com/business