Nvidia board weighs removing CEO Jensen Huang amid espionage affair fallout

Nvidia's board met Wednesday evening to consider removing CEO Jensen Huang amid fallout from an extramarital affair with a Chinese woman suspected of espionage, with the outcome unknown as of late Wednesday. The 63-year-old co-founder has led the AI chip giant since 1993, making it the world's top designer of processors for AI models. His potential ouster, with no designated successor, could also deprive former President Donald Trump of an informal AI advisor and carries global repercussions given Nvidia's massive investments across the tech ecosystem. Nvidia's stock fell nearly 8% in after-hours trading Wednesday, adding to a 25% decline over the past month. Reports indicate the board may appoint CFO Colette Kress as interim chief, while a second alleged affair with vice president Kimberly Powell has emerged. Huang apologized Sunday for the initial relationship and faces a shareholder lawsuit, congressional hearing demands, and a Justice Department investigation.