Nvidia board weighs removing CEO Jensen Huang amid foreign intelligence probe

Nvidia's board is preparing to remove co-founder and CEO Jensen Huang following reports of extramarital affairs and a foreign intelligence investigation, according to The Wall Street Journal. Directors could meet as soon as Wednesday to decide his fate, and Nvidia shares fell about 8% in after-hours trading. The New York Times reported Huang had a relationship with Kimberly Powell, Nvidia's vice president of health care, citing five former employees. This follows scrutiny of his ties to Alice Huang, an executive linked to Singapore-based Megaspeed, which U.S. officials suspect of spying for China and routing advanced chips there despite export bans. Huang apologized for infidelity in a Sunday letter, and the board launched an independent investigation. A shareholder lawsuit filed Monday alleges misleading statements inflated Nvidia's share price. The crisis comes amid rapid growth, with Nvidia reporting $96.2 billion in revenue for the quarter ended July 26, more than double year-ago levels.