Nvidia board moves to oust CEO Jensen Huang over affairs

Nvidia’s board is preparing to oust CEO Jensen Huang following revelations of multiple extramarital affairs, including one with a woman suspected of being a Chinese spy, according to the Wall Street Journal. The board was set to meet as soon as Wednesday to decide his fate. Huang admitted on Sunday to an affair with Alice Huang, an executive at Megaspeed International, a Singapore-based firm under US investigation for potential chip smuggling. The disclosure highlighted Nvidia’s lack of a succession plan for the 63-year-old CEO, whose exit could impact the AI industry and company investments. Shares dropped 8% in extended trading to $159.95 after closing at $173.73. The New York Times also reported a relationship with Nvidia’s healthcare vice president Kimberly Powell. Nvidia and Megaspeed have denied wrongdoing, and Beijing dismissed espionage allegations.