Nvidia board moves to oust CEO Jensen Huang over scandals
Nvidia's board is preparing to oust CEO Jensen Huang, according to the Wall Street Journal, amid scandals including an affair with a woman accused of Chinese espionage. Nvidia shares fell nearly 8% in after-hours trading Wednesday. The board was set to meet Wednesday to decide Huang's fate, citing sources close to the matter. The New York Times also reported a second affair with vice president Kimberly Powell, with videos allegedly documenting the relationship. Huang admitted to an affair with Alice Huang, a Singapore-based executive accused by US intelligence of being a Chinese state security agent. An internal investigation is underway, and shareholders have filed a class-action lawsuit over undisclosed information.