Nvidia board weighs removing CEO Jensen Huang after stock enters bear market

Nvidia shares plunged in after-hours trading following reports that the company's board is planning to remove CEO Jensen Huang, with the stock falling to $158, its lowest level in months and entering a bear market after a 34% decline from its yearly high. The Wall Street Journal reported the board's plan after Huang admitted to infidelity, including an affair with Alice Huang, a Chinese citizen believed to be a spy, and another with an employee. Huang owns less than 10% of the company, and his net worth has dropped over $23 billion year-over-year. The potential removal poses significant risk as Nvidia lacks a succession plan, and the allegations may trigger investigations into chip sales to China. The stock remains sensitive to board actions and next week's earnings report, with revenue expected to reach $108 billion.