Nvidia shares drop 8% after hours as board reportedly weighs CEO Jensen Huang's future
Nvidia's stock fell about 8% in after-hours trading after reports surfaced alleging extramarital affairs involving CEO Jensen Huang. The allegations reportedly include a link to a businesswoman tied to Chinese intelligence. The company's board is expected to meet to consider Huang's position in light of the claims. An investigation by the law firm Wachtell, Lipton, Rosen & Katz is currently under way. The report has not been independently confirmed in the source text, and the outcome of both the probe and the board's deliberations remains unclear.
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