Nvidia board weighs CEO Jensen Huang's removal after affair reports

Nvidia's board is considering removing CEO Jensen Huang following reports of a second affair with a company executive, causing shares to plummet. Over $500 billion in market value has been erased amid the scandal. The New York Times reported Huang's relationship with Kimberly Powell, Nvidia's vice president of health, who reports directly to him. This follows Huang's November 8 apology for infidelity and an ongoing FBI investigation into his alleged affair with suspected Chinese spy Alice Huang. Nvidia, the world's second-most-valuable company and central to the AI industry, faces uncertainty as analysts warn Huang's removal could trigger a broader selloff in AI stocks. Investors are already growing impatient with the sector's prospects, with few obvious successors available.