Nvidia board weighs firing CEO Jensen Huang over alleged affairs with employee and suspected Chinese spy

Nvidia's board is meeting in California to decide whether to oust CEO Jensen Huang following reports of two extramarital affairs, one with a suspected Chinese spy and another with a company executive, according to the Wall Street Journal. The potential departure of Huang, who co-founded the roughly $4 trillion chipmaker and leads it as the top supplier for AI technology, would create a leadership vacuum. The board's meeting marks a shift from November 8, when it expressed confidence in Huang, and he can be removed by a majority vote of directors. Nvidia's stock fell over 8% in extended trading on the news, potentially erasing about $600 billion in market value since the board launched its investigation. Huang, 63, owns about 3.6% of Nvidia and has no obvious successor, though the board has reportedly worked with an outside firm to identify replacements.