Nvidia’s 11-member board must decide whether to keep Jensen Huang as chief executive without an obvious successor in place after he admitted to an affair with suspected Chinese intelligence operative Alice Huang, The Information reported. Most of the directors have known Huang for decades and none is a former CEO of a major company, while Chief Financial Officer Colette Kress is viewed as a potential interim replacement rather than a permanent successor.
The leadership questions come as Nvidia shares fell another 6% on Tuesday, bringing the company’s market value loss since the affair became public to $400 billion and leaving the stock at its lowest level since March 31. Earlier Tuesday, The Information reported that a corporate network run by Alice Huang, her husband Kang Wei and her sister, centered on China-based Shanghai Century Litong and Singapore’s Megaspeed, moved roughly 240,000 Nvidia AI chips worth at least $7.5 billion into China since 2023, including restricted H100, H200 and A100 processors that served customers such as Alibaba and Tencent.
