Jensen Huang’s recent troubles have gone beyond the realm of ordinary personal gossip.
On November 8, Jensen Huang sent an internal apology letter to Nvidia(NVDA 0.00%↑) employees, admitting to infidelity toward his wife and apologizing to his family, employees, the board, and shareholders. Reports that his personal relationships may have involved company-related secrets have also led Nvidia’s board to launch an independent investigation. Huang said he would cooperate with the investigation and reaffirmed his commitment to Nvidia and to U.S. national security.
The capital markets have another concern: if Huang’s family relationship ultimately changes, will the Nvidia shares the couple jointly holds need to be redistributed? If a large block of shares enters the public market, could it create new selling pressure?
Some market estimates suggest that if Huang’s wife ultimately received Nvidia stock worth about $75.7 billion and chose to cash it all out, this potential supply could put pressure on the share price.
