Nvidia shares fall below $160 on wave of rumours about CEO's personal life

Market reacts to alarming rumours

Shares of US tech giant Nvidia have fallen below the $160 mark. According to data, the securities have lost 34% of their peak value. In messages circulating online, the drop is linked to new rumours about the personal life of the company's CEO, Jensen Huang.

What anonymous sources claim

Circulating reports state that the 63-year-old Huang allegedly had a romantic relationship with Kimberly Powell, who holds the position of Nvidia's vice-president for health. In addition, the authors of these posts claim that the company's board of directors is preparing a decision to remove Huang from the CEO position. The likelihood of such a move is estimated at 85%.

Financial consequences and fact-checking

The publication ironically notes that this story about the leader's personal relationships has already cost the company $2.1 trillion in market capitalisation. However, it is important to emphasise that the statements regarding the romance, the reasons for the stock drop, and the potential removal of Huang are not confirmed in the source of the information itself.