Nvidia board reportedly considers removing CEO Jensen Huang
· 50-word read
In 50 words
Nvidia's board is reportedly preparing to remove co-founder and CEO Jensen Huang and could meet soon, the Wall Street Journal and other outlets reported on Wednesday. Nvidia shares fell about 8% in after-hours trading. Shareholders have filed a proposed class action against the company and Huang.
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Why it matters
Nvidia is the dominant supplier of chips for artificial intelligence and is worth roughly US$4 trillion, so a change at the top would be a major moment for the global tech industry.
What's next
Media reports say the board could meet imminently to decide Huang's future.
Key dates
- 9 NovShareholders filed a proposed class action against Nvidia and Huang.
- 11 NovMedia outlets, led by the Wall Street Journal, reported the board is preparing to oust Huang. Shares fell about 8% in after-hours trading.
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Sources
- Deutsche Welle (DW)Read the original article →
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