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Nvidia falls more than 8% after hours on reports its board is weighing firing Jensen Huang

FinanceInternationalFinectAI summary
Image: Finect

Nvidia plunged more than 8% in after-hours trading to about $158.8 after The New York Times published a second affair involving CEO Jensen Huang and The Wall Street Journal reported that the board is weighing his dismissal. On Sunday Huang acknowledged to staff a relationship with Alice Huang, an executive at Megaspeed, and the board opened an independent investigation. The stock is down nearly 30% from early-October highs and its forward P/E is around 11 times, below the S&P 500 value index.

In 40 seconds

  • Nvidia fell more than 8% after hours to about $158.8 following the second reported affair involving Jensen Huang.
  • The Wall Street Journal reports the board is weighing firing the CEO; the independent investigation remains open.
  • The stock is down nearly 30% from October highs and its forward P/E, around 11 times, is below the S&P 500 value index.
Read the full story at Finect

IASummary generated by artificial intelligence from a story by Finect. It may contain errors: the original source prevails.

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