Full coverage· Politics· Updated 13:12

Nvidia Board Considers Leadership Change Amidst CEO Scandal, Israeli Executive Eyed

The board of directors of Nvidia is reportedly considering replacing its founder and CEO, Jensen Huang, amid allegations of personal scandals and espionage. The discussions have emerged following an independent investigation into claims of two alleged extramarital affairs and espionage allegations involving a Chinese businesswoman with whom Huang has a relationship. China has denied the espionage allegations, which remain unproven.

3 newsrooms · 3 languages · since 12:35

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What happened

01Nvidia's board is reportedly exploring the replacement of CEO Jensen Huang amid an independent investigation into personal scandals and espionage allegations.
02The espionage allegations involve a Chinese businesswoman with whom Huang has a relationship, though China has denied the claims.
03Nvidia's stock fell approximately 8.6% to $158.78 amid the leadership uncertainty, erasing hundreds of billions of dollars in market value.
04Three Israelis, Michael Kagan, Eyal Waldman, and Apple's Johny Srouji, are being considered as potential successors to lead Nvidia.
05Internal candidates for the CEO role include Nvidia's Chief Financial Officer Colette Kress and Senior Vice President Ian Buck.
06External candidates being discussed include AMD CEO Lisa Su and Arm CEO Rene Haas.
07Epic Games CEO Tim Sweeney warned the board against removing Huang, comparing the potential move to the ousting of Steve Jobs.

The leadership uncertainty has already had a significant financial impact, causing Nvidia's stock to drop approximately 8.6% to $158.78, which wiped out hundreds of billions of dollars in market capitalization. Epic Games CEO Tim Sweeney has cautioned against removing Huang, comparing the situation to the past ousting of Steve Jobs from Apple.

Several potential successors are being considered, including three prominent Israelis. Among them are Michael Kagan, Nvidia's Chief Technology Officer and co-founder of Mellanox, which Nvidia acquired in 2020; Eyal Waldman, the founder and former CEO of Mellanox; and Johny Srouji, Apple's Senior Vice President of Hardware Technologies and a Technion graduate. Other candidates include internal Nvidia executives Ian Buck and Colette Kress, as well as external figures such as AMD CEO Lisa Su and Arm CEO Rene Haas.

Summarized by baba from the reports of 3 newsrooms. Updated 13:26

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