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Not Just an Affair: Reportedly, Nvidia Is Preparing to Oust CEO Jensen Huang

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Summary

The Wall Street Journal reported that Nvidia's board is considering removing Jensen Huang, while The New York Times alleged that he had a second affair. Prediction-market estimates of Huang leaving by year-end rose from about 13% to 77%.

The Wall Street Journal, citing people familiar with the matter, reported that Nvidia's board is preparing to meet to discuss whether to remove Jensen Huang. After the report emerged, Nvidia's shares briefly fell about 8% in after-hours trading.

Meanwhile, The New York Times reported what it described as a second extramarital affair involving Huang, alleging that he had an affair with Kimberly Powell, an Nvidia vice president of healthcare who reported directly to him.

The reports drove the probability of Huang leaving before year-end on the prediction platform Polymarket from around 13% to as high as 77%.

Of particular interest, Huang's daughter 黄敏珊 briefly became a popular candidate in betting on the next CEO, alongside other names including AMD CEO Lisa Su.

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