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Forbes: If Jensen Huang leaves, NVIDIA and the artificial intelligence industry may suffer a heavy blow

According to Forbes, the board of directors of Nvidia is preparing to dismiss CEO Jensen Huang, who has served for 33 years, and may hold a meeting on November 11. Forbes reports that since The New York Times first reported on October 29 about Huang's relationship with Megaspeed executive Huang Le, Nvidia's market value has evaporated by approximately $1 trillion. In after-hours trading on November 11, the stock price fell another 8%. Wedbush analyst Dan Ives warned that if Huang is dismissed, the market value could evaporate another $1 trillion to $1.2 trillion.On November 8, Huang admitted to being unfaithful in a letter to employees. An Nvidia spokesperson stated that Huang is committed to leading Nvidia without interruption. On November 11, The New York Times reported again that Huang has an extramarital affair with Kimberly Powell, the vice president of the company's healthcare business who reports to him. Forbes cited that before this report was released, Doug Clinton from Intelligent Alpha estimated the likelihood of Huang leaving the CEO position at 10% to 20%, while Yale professor Jeffrey Sonnenfeld believed the chances of staying or leaving were equal.Forbes stated that Nvidia does not have a public succession plan, and Huang has 60 direct subordinates. Newsweek believes that if he steps down, CFO Colette Kress may serve as interim CEO. Nvidia has set its third-quarter revenue guidance at $10.8 billion, with analysts expecting a year-over-year growth of about 91%. The company is scheduled to announce its financial report on November 17. Forbes also cited SFist, stating that if Huang's wife files for divorce, under California's community property rules, the settlement amount could be between $62.6 billion and $81.1 billion.

The New York Times: Jensen Huang was reported to have an extramarital affair with company executive Kimberly Powell

The New York Times cited five individuals who previously worked at NVIDIA, reporting that in addition to the extramarital affair already acknowledged, Jensen Huang also had an extramarital relationship with Kimberly Powell, the Vice President of the company's healthcare business. Powell reports directly to Huang, and both are married.According to insiders, during the NVIDIA GTC developer conference in March this year, the two were spotted behaving intimately at a hotel in San Jose, California. Someone captured footage of the incident on a mobile phone, and Huang's security team subsequently isolated the shooter and requested them to sign a non-disclosure agreement. The New York Times stated that it has not seen the video, and the related relationship had previously been discussed internally within the company. Powell was originally scheduled to speak at the opening ceremony of the Milken Institute Health Summit in Washington on the morning of November 12, but the host, CNN reporter Meg Tirrell, announced that she had canceled her appearance without specifying the reason. When responding to a phone inquiry from a New York Times reporter, Huang stated that he did not believe the other party should speak directly with him, and then hung up the phone.This is the second time in a week that Huang has been exposed for an extramarital affair. Meanwhile, The Wall Street Journal reported that NVIDIA's board is preparing to dismiss Huang, with a special meeting scheduled as early as November 11 local time to discuss his future. Following the news, NVIDIA's stock price fell by about 9% in after-hours trading. Since Huang was first reported to have an extramarital relationship with Alice Huang, including the after-hours drop, its stock price has decreased by 18% across the two related reports, resulting in NVIDIA's market value evaporating by approximately $820 billion.
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