Nvidia CEO, Jensen Huang, is striving to restore normalcy within the company after apologising to his senior executives for his behaviour. However, the Nvidia Board of Directors is reportedly considering dismissing its CEO, Jensen Huang, following the scandal of his extramarital relationship with an alleged Chinese spy. The company is already working with an external firm to find Huang's replacement and will appoint a new interim CEO. This is causing Nvidia's shares to deepen the declines of 27% since the highs of October and 8.6% after-hours, reflecting market doubts about the company's ability to maintain the growth rate seen so far under the leadership of someone else.
Beyond the personal aspect and the extramarital relationship, the board is examining the deception and possible favouritism (or even a crime) regarding transactions with the company of Chinese entrepreneur Alice Huang and her relationship with the Ministry of State Security (MSS). For this reason, the controversy has also reached the political sphere, and three Republican committees in the U.S. House of Representatives have requested Huang's appearance on the upcoming 18th of November to examine the security and espionage prevention measures in the company.
