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US government officials require Jensen Huang to attend a closed-door briefing; new accounts on prediction markets believe he will step down as NVIDIA CEO.

Nov 10, 14:28

According to PolyBeats monitoring, on November 4, the Chairman of the House Foreign Affairs Committee and other U.S. officials requested that Jensen Huang attend a joint closed-door briefing of three committees on November 18. On November 8, Jensen Huang sent a letter to the entire company acknowledging infidelity to his wife and expressing support for an independent investigation initiated by the board; Nvidia stated the same day that he would continue to serve as Chief Executive Officer.

On the prediction market Polymarket, the "Yes" probability for "Will Jensen Huang announce resignation or be removed from office before the end of December 31?" is 15.5%. paule334 bought $3.7k of "Yes" in that market; if it settles as "Yes," the relative return would be $20.1k, ROI +545%.

On October 30, The New York Times reported that U.S. intelligence agencies determined that Megaspeed executive Huang Le, of the Singapore data center company, had close ties with Jensen Huang. On November 8, Jensen Huang acknowledged in a staff letter: "I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry." He wrote that he supports and will cooperate with the investigation but did not announce resignation.

Tim Schulze-Mellander of Rothschild-owned Redburn said that if the investigation reveals "something far more serious than an undisclosed relationship," he could be forced to step down as chief executive. Jensen Huang is 63 this year and has served as chief executive since 1993, about 33 years, with personal holdings of about 3.5% to 3.6%, no super-voting rights, and the company has not publicly announced a formal successor.

On November 9, Nvidia's stock closed down 4.27%. Trump subsequently said he had spoken with him and believed in Jensen Huang; however, the congressional briefing, the board investigation, and the Justice Department's investigation into whether Megaspeed violated export controls could still push the personal infidelity issue into the realms of corporate governance and national security.

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