Musk backs petition to reinstate Jensen Huang as Nvidia CEO after his resignation
MARKETSNvidiacoinbrief/daily · 1 source
- Severity
- High
- Sources
- 1
What happened
Huang resigned as Nvidia CEO on November 12 during a board investigation into whether a foreign spy operation had targeted him, and the shares closed 11% below their November 6 level that day. Musk says he is signing a petition to reinstate him, and over 1,600 employees reportedly urged the board to do so, but the board, not shareholders, decides, and Huang holds only about 3.58% of votes. Colette Kress is interim CEO and reports earnings on November 17.
For IT people · Written by AI from 1 source · Wrong?
What to do
- Watch Nvidia's quarterly earnings on November 17, reported by interim CEO Colette Kress.
- Watch whether the House Foreign Affairs Committee's requested December 1 appearance by Jensen Huang goes ahead or becomes a subpoena.
Written by AI from the sources, checked against them
Full story timeline · 1 update
Who reported · 1 outlet
BeInCrypto
Who and what is in it
Companies