NVIDIA Sags ~8% After Hrs as Jensen Huang Reportedly Involved in Second Extramarital Affair, Board to Mull Removal of His Position
Shares of NVIDIA (NVDA.US) tumbled nearly 8% in after-hours trading following reports alleging that CEO Jensen Huang was involved in another extramarital affair with a senior executive and that the company's board was preparing to remove him from his position.
Huang allegedly had an extramarital relationship with Kimberly Powell, Vice President of Healthcare who reports directly to him, New York Times reported. The two were reportedly seen behaving intimately earlier this year during a company event at a hotel in California.
Shares of NVIDIA's rivals Advanced Micro Devices, Inc. (AMD.US) and Broadcom Inc. (AVGO.US) spiked 4.4% and 3.2%, respectively, in after-hours trading.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| Nvidia (P) |
11090 |
168 (-) |
0.242 |
5.7 X |
| AMD (C) |
11214 |
700 (-) |
0.183 |
9.2 X |
