Jensen Huang’s Chinese Spy Scandal Puts Nvidia CEO’s Future Under Scrutiny — But, Bettors Aren’t Worried Yet
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Cryptocurrency bettors see little chance that NVIDIA Corp. (NASDAQ:NVDA ) CEO Jensen Huangwill be removed from his role even as the billionaire admitted to an affair with a suspected Chinese spy on Sunday.
Huang to Stay or Leave?
Betting crowd on Polygon (CRYPTO: POL) -based Polymarketcurrently prices in only a 35% chance that Huang resigns or is removed as the company's top executive by year-end.
Meanwhile, punters on Kalshi see a 35% chance of Huang's removal before July 1, 2027.
Read Also: Bitcoin's 'Best Buying Opportunity Ever' Is Here, Mark Moss Says, but 'Crypto Is Dead'
Nvidia's Board to Investigate
The development follows Huang's admission that he had a romantic relationship with a woman U.S. officials suspected of being tied to Chinese intelligence .
Huang reportedly told employees that he takes "full responsibility" and apologized for what happened.
Nvidia's board said it will form an independent committee and bring in outside legal help to examine the matter.
Meanwhile, the company's head of public policy communications said that Huang would continue to lead NVIDIA as CEO without interruption.
U.S. officials had earlier suspected that Alice Huang, an executive at a Singapore-based data-center company, was helping China evade restrictions on advanced AI chipe, while maintaining a close relationship with Jensen Huang.
Price Action: Nvidia shares are down 4.16% in overnight trading, according to Benzinga Pro. The stock closed 2.78% higher at $186.64 during Friday's regular trading session.
Benzinga's Edge Stock Rankings indicate that NVDA maintains a weak price trend over the short, medium, and long terms.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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