Nov 11 (Reuters) - Nvidia's (NVDA.O), opens new tab board is preparing to oust CEO Jensen Huang after he had two extramarital affairs, including one with ​a suspected Chinese spy, the Wall Street Journal reported ‌on Wednesday, citing people familiar with the matter.

The board is preparing to meet as soon as Wednesday to determine his future, the report added.

Earlier ​in the day, the New York Times reported that Huang ​had an extramarital affair with a company executive who ⁠reported to him.

The relationship was with Kimberly Powell, Nvidia's vice ​president of healthcare, the New York Times said, citing five people ​who worked at the company.

Nvidia did not immediately respond to a request for comment. Reuters could not immediately verify the reports.

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[–] 66 points 1 day ago

Including Wednesday's after-hours selloff, Nvidia has lost about $600 billion in stock market value this week since the board announced its investigation.

Those are rookie numbers, gotta get those numbers up. We can do a trillion, I can feel it

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  • [–] 32 points 1 day ago

    If anyone else is confused about who “Jensen Huang” is, apparently that’s the real name of the guy I always see called Stupid Jacket.

    Good riddance, Stupid Jacket. Hope your golden parachute fails to deploy.

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  • [–] 29 points 1 day ago (2 children)

    What the fuck are these ‘consequences’?

    …I don’t understand what’s happening…

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  • [–] 17 points 1 day ago (4 children)

    I really doubt they're going to can the guy who oversaw their money printer. It's all theater, even if they do get rid of him. He will remain on the board and be the most important voice in the room for a long time coming.

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  • [–] 6 points 1 day ago (1 child)

    Do they even need him anymore? With all the data center contracts Nvidia is too big to fail now. And if/when the bubble bursts, even Huang won't save it.

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  • [–] 1 point 23 hours ago

    It's not that they need him to be the best, but these people aren't like us. Every current position is one that needs to multiply in value. They wouldn't blink if doubling their investment meant being worth more than every company in the world put together, it's not logic, it's parasite mindset. For them they think he can wave his hands and keep multiplying it like he did before. Don't forget, the worst thing that can happen to these people is to have to get a job and work for their money.

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  • [–] 4 points 1 day ago

    Yeah, the Jacket took nvidia from a small business selling to gamers to #1 company in the world worth 5 trillion dollars (jf I'm not mistaken, also the first in the world to cross the trillion dollar line in marketcap), surpassing microslop and apple, trashing all their competition, and making the entire market eat from their hands. If they do it, I'd be surprised. And even if they do it, he'd likely just take a seat at the board like you said. There's no way they're removing him completely.

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  • [–] 14 points 1 day ago (2 children)
  • [–] 5 points 1 day ago (1 child)
  • [–] 2 points 1 day ago

    🦀 🦀 🦀

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  • 21 comments in c/news@lemmy.world view that post
    [–] 29 points 1 day ago (8 children)

    Dude had a second affair, he's toast.

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  • [–] 23 points 1 day ago (1 child)

    I think it’s more about leaking industrial secrets that undermine the commercial war between USA and China, and less about his romantic life. He could have had ten affairs not involving foreign spies, and no one at Nvidia would care.

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  • [–] 7 points 1 day ago (3 children)

    I don't really care about CEO affairs, but the whole with a spy and sending gpus to sanctioned China is a whole other matter.

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  • [–] 6 points 1 day ago (2 children)

    The board probably cares more about him fucking a subordinate. They don't care where the GPUs are going.

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  • [–] 2 points 1 day ago

    Well, I mean if they understood China is looking to replicate and replace them. As they've done with so many others, they might. But they're all interested in short term gains only. So they all happily assist.

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  • [–] 28 points 1 day ago* (1 child)

    He was a useful idiot, but the bad press is starting to catch up to the money. There isn't a real need to keep him around, especially if he can't be trusted to keep it in his pants for a few billion dollars.

    I would love a 15 minute GamersNexus video that's just Steve laughing as he goes about his day.

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  • [–] 16 points 1 day ago

    Suddenly, that infinate money loop looks like it's gonna start breaking down.

    The downfall of these techbros has begun.

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  • [–] 14 points 1 day ago

    It must be a major relief for him to get out before the bubble bursts. Honestly, if I were him I'd consider this shit a lifeline.

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  • [–] 11 points 1 day ago (2 children)
  • [–] 3 points 1 day ago*

    More than just that. I was listening to an NPR report on this the other day and they described how he interacted with the company and it sounds incredibly Hands-On. Micromanagement to the extreme. The way they described him was he's the head of the pyramid and everything reports directly to him. That he seems to be involved with nearly every aspect of the company all the way down to marketing. Now I'm not 100% sure how accurate that reporting is but if that's the perception at the company it's extremely interesting.

    Because the other thing the report emphasized was there's no succession plan. He's the head of the pyramid and he didn't want there to be another option. Apparently he says it's because he doesn't want stagnation, but I suspect it's because if there is not a succession plan in place it's harder to just cut ties with them.

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  • [–] 8 points 1 day ago (1 child)

    A second affair just hit the CEO

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  • [–] 8 points 1 day ago

    I will be happy to not see his stupid jackets soon.

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  • [–] 2 points 1 day ago

    Nvidia next ceo is the ceo of starbucks

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  • [–] 2 points 1 day ago

    Jensen Huang popped the AI bubble, with his dick.

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