Nvidia board moves to oust CEO Jensen Huang over affairs

Nvidia's board is preparing to oust co-founder and CEO Jensen Huang following revelations of two extramarital affairs, one with an alleged Chinese spy, according to The Wall Street Journal. The board was reportedly set to meet Wednesday to decide his fate. The second affair involves Kimberly Powell, Nvidia's vice president of healthcare, who reports directly to Huang, as reported by The New York Times. This follows Huang's November 8 admission to staff of an affair with Alice Huang, a Singapore-based executive suspected by US intelligence of working for Chinese intelligence. Nvidia shares fell about 8% in after-hours trading on November 11 amid the reports. The company has no obvious successor, as Huang directly manages about 60 executives and has expressed skepticism about succession planning. The US Justice Department is also investigating matters related to Alice Huang and her company Megaspeed.