Bloomberg Television

Nvidia Weighs Ousting Jensen Huang as Infidelity Scandal Deepens

Jensen Huang, Haidi Stroud-Watts, Avril Hong, Rolf Bulk, Chris Weston, Max Kettner, Bob O'Donnell, Mabel Hong, Hardy Stratton, Michael Shepherd, Sonny Bangia, Mandeep Singh, Tom Giles, Ivan Espinosa, Nicholas Takahashi, Anthony Stevens, Stephen Tseng

Following the revelation that CEO Jensen Huang engaged in an extramarital affair with a Megaspeed executive suspected of espionage and admitted to a second relationship with a subordinate, the Nvidia board has convened to consider ousting Huang and engaging a search firm for a replacement. This governance crisis has triggered a severe market correction with shares plummeting over 30 percent, prompting analysts to downgrade the stock while competitors like AMD and Broadcom capture shifting investor interest. Beyond the immediate leadership vacuum, the situation forces a reevaluation of Nvidia's aggressive capital allocation strategies and exposes the fragility of an AI ecosystem heavily reliant on the founder's personal network amid tightening geopolitical export restrictions.