By Krecy, from Attendee Temple
Quantum Bit | Official account QbitAI
Never expected this — even you, Old Huang, the self-styled 'pure love warrior', would have a scandal blow up.
Responding to the recent rumors and gossip, NVIDIA CEO Jensen Huang spoke out. He sent an all-staff letter to every employee.
The leader of the world's highest-valued computing empire publicly admitted in the letter that he had an affair while married.
NVIDIA's board of directors has also issued a statement saying it will launch an investigation into the matter.
When the news broke, the entire tech world was instantly plunged into enormous shock.
NVIDIA's stock price also plunged in after-hours trading in response, falling by 2%, with more than 900 hundred million US dollars in market value wiped out, equivalent to more than 6000 hundred million RMB.
Old Huang's internal letter: admitting the affair rumors
Here is the original text of Old Huang's apology letter:
To all colleagues at NVIDIA:
I owe an apology to my family and to all of you.
I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.
Throughout my life, my family has always given me love and support. They deserve my honesty and loyalty. Yet I let them down and destroyed the life we built together.
I take full responsibility for my actions, for the harm caused, and I accept the criticism that follows.
To my wife and family: I love you. I know that an apology cannot undo the wrongs I have committed. I hope our family can heal, and I hope that over time I can win back your trust.
To my colleagues at NVIDIA, including those who have fought alongside me for decades, as well as the board, partners, and shareholders around the world: you deserve better from me. Leading NVIDIA has been the honor of my lifetime. My duty is to serve you and to be worthy of that trust. I failed to fulfill that duty. I am fully committed to NVIDIA and will work to win back everyone's trust.
In response to the concerns raised in recent news reports, NVIDIA's board of directors has launched an independent investigation. I fully support this investigation and will cooperate comprehensively. I love our company, and I am committed to protecting NVIDIA.
My family bears no responsibility for my personal choices; the responsibility rests entirely with me alone. Please give them privacy.
Jensen Huang
NVIDIA board has launched external investigation
Shortly after the letter was sent, NVIDIA's board of directors urgently issued an official statement, announcing the formation of a special committee composed of independent directors and the launch of an independent investigation with the assistance of an external independent law firm.
The board clearly stated three points in the announcement:
1. Launch of independent investigation: a committee of independent directors will lead the review with the assistance of external independent legal counsel, conducting a comprehensive investigation into all relevant information currently available.
2. Emphasis that no core secrets were leaked: the board explicitly noted that there is currently no reason to believe NVIDIA's core trade secrets have been leaked.
3. Management team remains stable: Jensen Huang fully supports the review and has pledged complete cooperation; the board still has full confidence in Huang and his leadership team, and will issue further updates as appropriate.
By explicitly emphasizing in its statement 'confidence in Jensen Huang and his leadership team', the board seems to be attempting to quickly calm market sentiment.
Huang himself also stated that he fully supports and will cooperate fully with the investigation.
But facing this sudden governance test and personal moral scandal, whether Old Huang can win back the trust of both his family and Wall Street is becoming the biggest suspense for this three-trillion-dollar computing giant right now.