Nvidia Board Weighs Firing CEO Jensen Huang After Affairs

Nvidia's stock is falling after reports that the board is preparing to fire CEO and co-founder Jensen Huang following extramarital affairs, with semiconductor analyst Herman Ohlsson saying it will be very difficult for him to remain. New information emerged late Wednesday Swedish time after Huang confirmed his affair with Alice Huang, flagged as a Chinese spy by US authorities, while the New York Times revealed another affair with a senior Nvidia executive, causing shares to drop 9 percent in after-hours trading. Ohlsson noted the company's earnings and cash flow remain unchanged, and demand for Nvidia's AI chips is still high. Huang co-founded Nvidia in 1993 and owns about 3 percent of the company, worth roughly 150 billion dollars, with no strong voting shares to protect his position. CFO Colette Kress has been mentioned as a possible successor, though Ohlsson says Huang is as important to Nvidia as Steve Jobs was to Apple.