WSJ reports Nvidia is preparing to oust CEO Jensen Huang
· 5 sources
The Wall Street Journal reports Nvidia is preparing to remove CEO Jensen Huang. Reuters, Barron's and Axios also covered the report and its market reaction.
What happened
The Wall Street Journal reports, in an exclusive, that Nvidia is preparing to oust its CEO, Jensen Huang. Reuters relayed the WSJ report, and Barron's described it as a report that the board plans to remove him.
Axios reports that Nvidia shares fell after a report implicated Huang in a second affair. Barron's likewise says the stock tumbled following the report about the board.
Hyperallergic also published a piece on the situation, focusing on its spread as an internet meme. The sources provided do not include any confirmation or comment from Nvidia.
Context
Nvidia is a major chipmaker, and its chief executive is one of the most visible figures in the technology industry.
Why it matters
Leadership changes at a company of Nvidia's profile can draw close attention from investors, although the sources here rely on a single press report.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$155.16Fair range: $112.11 to $214.75The price ($166.19) is 7.1% above that figure: close to its fair value.
Chance of a rise in 1 month
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $150.35 and $181.33; 9 in 10, between $127.34 and $214.10.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
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