Bloomberg announced the search for Nvidia candidates to replace the CEO

Nvidia’s board of directors, together with a third-party firm, is seeking candidates to replace CEO Jensen Huang. This was reported by Bloomberg, citing a source familiar with the situation.

The interlocutor of the agency said that the board of directors is considering the possibility of appointing an interim head for the period of searching for a permanent successor.

Earlier, The Wall Street Journal (WSJ), citing sources familiar with the situation, also wrote that the board of directors of Nvidia is preparing to dismiss the founder and CEO of the company.

The scandal surrounding the head of Nvidia began after Huang was suspected of “close ties” with the head of Megaspeed Alice Huang in early November — her American intelligence agencies believe recruited by the Ministry of state security of China. According to the Financial Times, the couple had not just close contacts, but a romantic relationship.

The head of Nvidia in an appeal to employees admitted to treason. He apologized to his wife and children, but did not name the woman he was in a relationship with.

In addition, The New York Times (NYT) wrote that Huang was in an extramarital relationship with a subordinate. Nvidia Vice President Kimberly Powell. Two former employees of the company said that Huang and Powell were caught in a video of them showing "tenderness to each other" at a hotel in California during the company's conference. The NYT said it had not seen the recording.

Against this background, Nvidia shares at the moment fell from $ 165.26 to $ 156.46, data from the TradingView platform follow. As of 02:00 GMT, the shares are trading at a price of about $159 (-8.2%).

US President Donald Trump supported the head of Nvidia and spoke in favor of retaining his post.