Nvidia board prepares to oust CEO Jensen Huang over spy affair scandal

Nvidia's board of directors met Wednesday evening and is preparing to part ways with founder and CEO Jensen Huang, according to the Wall Street Journal, following revelations of his extramarital affair with a businesswoman suspected by U.S. authorities of being a Chinese spy. Huang admitted the affair in a letter to employees on Sunday. The scandal has erased over $300 billion in market capitalization in three days, with Nvidia's value falling to $4.19 trillion by Wednesday evening. The board's decision marks a dramatic fall for Huang, who built the AI chip giant into the world's most valuable company over three decades. The affair with Alice Huang, who faces espionage suspicions, has made him toxic to the company's leadership.