Nvidia board moves to oust CEO Jensen Huang after affair reports

Nvidia's board is preparing to oust CEO Jensen Huang, according to US media reports. The company's stock fell nearly 8% in after-hours electronic trading on Wednesday. The Wall Street Journal, citing sources close to the matter, reported the board was set to meet Wednesday to decide Huang's fate. The New York Times also reported Huang was involved in a second extramarital affair with a subordinate, Kimberly Powell, Nvidia's vice president for healthcare, citing videos of affectionate behavior. This follows Huang's earlier admission of a relationship with Alice Huang, a senior executive at Singapore-based data center firm Megaspeed. US intelligence reportedly issued a note last spring alleging Alice Huang was an agent of China's Ministry of State Security.