Nvidia CEO Admits to Infidelity, Board of Directors Launches Independent Investigation
Jensen Huang admitted to infidelity after reports of his relationship with an alleged Chinese spy. Nvidia's Board of Directors has initiated an independent investigation.
Nvidia's Board of Directors announced the start of an independent investigation following reports that the company's founder and CEO, Jensen Huang, may have been targeted by foreign intelligence. Huang stated that he had been unfaithful to his wife and apologized to his family, employees, the board of directors, partners, and shareholders.
According to him, he supports the investigation and will fully cooperate with it. The Board of Directors noted that there is currently no reason to believe that Nvidia's secrets or sensitive information related to national security have been disclosed, but they will review all available information.
The woman with whom Huang had a relationship has been identified in several publications as an alleged Chinese spy. The Chinese government denies involvement in this matter and has called the accusations slander.
Huang's net worth, tied to his stake in Nvidia, exceeded 171 billion dollars at the beginning of last week. By Thursday, it had dropped to 150.9 billion dollars, and by Friday, it partially recovered to 154.9 billion dollars. Over the past month, Nvidia's shares have decreased in value by 18.6%.
Amid the investigation, U.S. President Donald Trump stated that he considers Huang a decent person and expects him to continue leading the company. The Board of Directors also expressed confidence in Huang and his leadership team. Meanwhile, Jeffrey Sonnenfeld, a professor at the Yale School of Management, estimated the likelihood of Huang's resignation at 50-50, while the prediction market Kalshi put the odds at 25% by July 27.
