Polymarket odds of Jensen Huang leaving Nvidia pass 88% after new affair report
Betting markets briefly put the chance of Nvidia's CEO resigning or being removed before the end of the year above 90% after a New York Times report on a second alleged affair. Nvidia shares fell nearly 10%.
Why it matters: Nvidia is central to the AI trade, and a leadership crisis at the chipmaker is moving both its share price and crypto prediction markets.
Key points
- Polymarket odds of Huang's exit jumped more than 16 percentage points in hours, peaking at 90.5% on Thursday.
- The New York Times reported on 11 Nov that Huang, 63, was involved with Kimberly Powell, 48, Nvidia's vice president of healthcare, who reports to him.
- Nvidia shares fell nearly 10% on 11 November, days before quarterly results due on 17 Nov.
Polymarket odds of a Jensen Huang exit from Nvidia briefly climbed above 88% on 12 November, reaching 90.5%, after reports of a second alleged extramarital affair involving a direct subordinate.
Huang told the newspaper he did not think it should be talking to him directly; Nvidia and Powell declined to comment.
The report deepened a governance and national security crisis at the company. On 8 Nov, Huang emailed staff to apologise for being unfaithful to his wife after separate revelations about an affair with Alice Huang, a former executive at Singapore-based Megaspeed.
Nvidia's board has opened an independent investigation led by law firm Wachtell, Lipton, Rosen and Katz, and members held late-night talks in the week of 9 November on whether to remove the co-founder, who has been CEO for 33 years.
What to watch: Nvidia's board is weighing whether to remove Huang ahead of the company's quarterly earnings report on 17 Nov.
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