A company worth trillions of dollars may decide the fate of its founder in a single meeting. According to The Wall Street Journal, Nvidia's board could convene as soon as today to consider dismissing Jensen Huang, the chief executive who built the firm into the central supplier of the hardware behind the artificial intelligence boom. Shares fell more than 7 percent in after-hours trading on Wednesday, a sign of how closely investors link the company's value to one man. The trigger is a New York Times report alleging a second extramarital affair, this time with Kimberly Powell, a vice president who reports directly to Huang.
Two unnamed sources told the Times that the pair were captured together at a San Jose hotel during the company's GTC developer conference in March. The newspaper has not seen the video, and the allegations remain unconfirmed. An unnamed source also told CNBC that rumours about the two had circulated inside Nvidia for some time. Nvidia did not immediately respond to The Verge's request for comment.
The timing is what makes the story analytically interesting. Only days earlier, Huang acknowledged a separate relationship with Alice Huang, an executive at the firm Megaspeed, who has been alleged to be a Chinese spy. Nvidia hired the former US attorney Joon H. Kim and his law firm to investigate that matter, yet today's reports suggest the board may not wait for his findings.