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Jensen Huang departure odds stay low after Nvidia board probe
CNBC • • business
Key Points:
- Nvidia's board is investigating CEO Jensen Huang following reports that he has been targeted by a foreign intelligence effort linked to an extramarital affair with a woman alleged to be a Chinese spy.
- Huang admitted to the affair, which U.S. intelligence officials say involves a spy from China's Ministry of State Security.
- Prediction markets on Kalshi and Polymarket indicate low short-term odds of Huang being ousted, with a 17-30% chance of departure by 2028 and a 75% chance by 2031.
- Nvidia's shares dropped more than 5% after the news broke on Monday.
- Kalshi's contracts on Huang's departure are resolved using Bloomberg information, while Polymarket uses official company or Huang statements.
