20 Hrs
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عربي21
Nvidia CEO may be ousted
Nvidia lost about $600 billion in market value over the course of a week, and its stock fell nearly 8% in after-hours trading amid reports that the board was preparing to discuss CEO Jensen Huang’s future and the possibility of removing him. The crisis follows reports about Huang’s personal relationships, including an alleged relationship with a Chinese businesswoman suspected of having ties to Chinese intelligence. The reports prompted the board to launch an independent investigation, while Huang acknowledged having an affair and apologized to his family and the company’s employees. The case comes amid a U.S. dispute over tightening restrictions on exports of Nvidia chips to China and a class-action lawsuit filed by shareholders against Huang and the company.
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