Nvidia board weighs removing CEO Jensen Huang amid probes

Nvidia's board met Wednesday to consider removing CEO Jensen Huang following reports of extramarital affairs, triggering an 8% after-hours share drop and deepening leadership uncertainty at the $4 trillion chipmaker. Huang, 63, co-founded Nvidia in 1993 and owns about 3.6% of its stock, with no obvious successor and dozens of direct reports reflecting his tight control. The board launched an investigation Sunday into whether he was targeted by foreign intelligence, while US lawmakers sought a closed-door briefing over his relationship with a Chinese businesswoman. Nvidia has lost about $600 billion in market value this week since the investigation was announced. The New York Times reported Huang also had an affair with Nvidia vice-president Kimberly Powell, which Reuters could not independently verify. Rival chipmakers AMD and Broadcom gained 4% and 3% respectively in after-hours trading.