Nvidia board weighs CEO Jensen Huang's future after spy allegations

Nvidia's board met late Wednesday to consider removing CEO Jensen Huang following a Wall Street Journal report, but no decision was announced. Shares fell over 8% in after-hours trading, with roughly $600 billion in market value lost since an investigation began. The investigation started Sunday after reports that US intelligence believes Alice Huang, a Megaspeed executive, is a Chinese spy who helped arrange chip shipments to Chinese companies. Huang acknowledged infidelity in a memo, and a New York Times report revealed a relationship with vice president Kimberly Powell. Removing Huang would require a majority vote of the 11 directors, all independent except him. He owns 3.6% of Nvidia with no succession plan, while CFO Colette Kress is a possible interim replacement. Polymarket puts an 88% chance of his departure by year-end, with quarterly results due November 17.