Nvidia Falls After Report of Huang’s Relationship With Executive

Nvidia shares dropped 3.9% in after-hours trading Wednesday after The New York Times reported that CEO Jensen Huang had an extramarital relationship with Kimberly Powell, the company’s vice president of health care. The decline more than wiped out the stock’s 2.9% gain during the regular session.

Today, 01:34· Money Talk· 234 reads

Nvidia Falls After Report of Huang’s Relationship With Executive

Nvidia shares traded at $167.02 after the closing bell. Shares of competitor AMD rose 1.6%, to $562.22.

The Times cited people familiar with the matter in its report. Nvidia declined to comment to the newspaper.

The report comes as Huang faces scrutiny over a separate relationship with a woman suspected of sharing information with the Chinese government. Independent directors on Nvidia’s board are investigating whether Huang was the target of a foreign espionage effort.

Nvidia Falls After Report of Huang’s Relationship With Executive

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