Nvidia board weighs ousting CEO Jensen Huang over affair reports

Nvidia's board met late last night to decide whether to oust CEO Jensen Huang following reports of two extramarital affairs, including one with a woman allegedly linked to Chinese espionage. The decision could remove the leader of the world's dominant AI chip supplier. Nvidia's stock slid over 8% in extended trading after the Wall Street Journal reported the company was preparing to fire Huang. Under Nvidia's bylaws, Huang can be removed by a majority vote of its 11 directors, all but him considered independent. The board had expressed confidence in him just days earlier. Huang, 63, owns about 3.6% of Nvidia and has no obvious successor, though CFO Colette Kress is seen as a potential interim replacement. The turmoil comes ahead of quarterly results due November 17, with market odds showing an 88% chance Huang resigns or is removed by year-end.