GoKawiilNvidia board weighs Jensen Huang's future after second affair report, six downgrades hit stock
Nvidia's board met to decide whether to remove CEO Jensen Huang after the New York Times reported he had a second extramarital affair with an employee, compounding earlier revelations about a relationship with a woman U.S. intelligence suspects is a Chinese spy. Six analysts downgraded the stock between Wednesday night and Thursday morning, including longtime bull Ben Reitzes of Melius Research, who cut his rating to hold and slashed his price target from $315 to $185. Nvidia shares have fallen roughly 7% this week and were down about 5.4% in Thursday premarket trading; the company has not issued a public statement.