Nvidia board weighs removing CEO Jensen Huang after affair reports; shares drop 8%

Nvidia's board is preparing to remove CEO Jensen Huang following reports of two extramarital affairs, including one with a suspected Chinese spy, according to the Wall Street Journal, causing shares to plunge 8% in after-hours trading. The board is set to meet Wednesday to decide Huang's fate, after the New York Times reported he had an affair with Kimberly Powell, Nvidia's vice president of healthcare, who reported directly to him. The allegations follow Huang's recent admission of infidelity amid a board investigation into possible foreign intelligence targeting. The controversy has erased over $300 billion in market value from the $4 trillion company, a central player in the US-China AI race. Nvidia has not commented, and Reuters could not independently verify the reports.