Nvidia board weighs removing CEO Jensen Huang as leadership crisis deepens
Nvidia's board met Wednesday to consider removing CEO Jensen Huang amid reports of extramarital affairs, a sharp reversal from Sunday's vote of confidence, with the company's stock falling about 7% in early trading. The board can oust Huang by majority vote under company bylaws, and it has worked with an outside firm to identify replacements, though no obvious successor exists. Huang owns 3.6% of Nvidia and maintains tight control, with analysts warning his loss would be a significant blow. The turmoil follows allegations that Huang had affairs with a woman probed as a Chinese spy and a company executive, plus a potential congressional subpoena. Nvidia's quarterly results are due Nov 17, and rivals AMD and Broadcom saw shares rise.