Elon Musk Offers to Hire Jensen Huang as Nvidia CEO’s Exit Odds Hit 90%

Details of the Allegations

Prediction marketplace likelihood that Nvidia CEO Jensen Huang volition resign oregon beryllium removed earlier the extremity of the twelvemonth concisely surged past 88% connected Thursday, climbing arsenic precocious arsenic 90.5% connected the platform Polymarket aft reports emerged of a 2nd extramarital matter involving a nonstop subordinate.

The crisp displacement successful betting markets, jumping much than 16 percent points successful a substance of hours, followed a Nov. 11 report by The New York Times detailing a narration betwixt Huang, 63, and Kimberly Powell, 48, Nvidia’s vice president of healthcare. Both Huang and Powell are joined to different people.

Polymarket: Jensen Huang odds

Citing 5 radical who worked astatine the chipmaker, the Times reported that Powell reports straight to Huang and that the 2 were seen being affectionate astatine a edifice during an Nvidia league successful March. Three radical briefed connected the substance told the paper that a bystander who recorded the enactment connected a telephone was stopped by Huang’s information defender and offered a confidentiality agreement.

When asked astir his narration with Powell, Huang said, “I don’t deliberation you should beryllium talking to maine directly,” portion Nvidia declined to comment, arsenic did Powell. The Times’ study compounded a deepening firm governance and nationalist information situation for the Silicon Valley giant.

On Nov. 8, Huang sent an email to employees apologizing for being unfaithful to his woman pursuing abstracted revelations of an extramarital matter with Alice Huang, a erstwhile enforcement astatine Singapore-based steadfast Megaspeed. U.S. quality officials person alleged that Alice Huang acted arsenic a Chinese quality asset, an accusation Beijing has denied.

Board Deliberations and Market Fallout

Nvidia’s committee of directors has since launched an autarkic probe led by the instrumentality steadfast Wachtell, Lipton, Rosen and Katz. According to immoderate reports, committee members convened late-night discussions this week to measurement removing Huang, who co-founded the institution successful 1993 and has served arsenic its CEO for 33 years.

Analysts noted that an contiguous departure would pose important operational challenges for Nvidia, which does not person a formally designated successor successful place. On Polymarket, bettors favored Ian Buck, the vice president overseeing Nvidia’s information halfway business, arsenic the astir apt campaigner to win Huang. Shares of Nvidia tumbled astir 10% connected Wednesday amid the enactment turmoil, conscionable days earlier the institution is scheduled to study its quarterly fiscal results connected Nov. 17.

Amid the escalating uncertainty, Tesla and SpaceX CEO Elon Musk weighed successful publicly connected the enforcement crisis. Responding connected X to a station by fiscal blog Zerohedge asking him to prosecute Huang if helium leaves Nvidia, Musk replied that it would beryllium “an honor”. Nvidia supplies important high-performance graphics processing units utilized crossed Musk’s firm footprint for AI exemplary training, autonomous driving development, and infrastructure clusters.