Nvidia board works with outside firm to find successors for CEO Jensen Huang after affair reports

Nvidia's board is working with an outside firm to identify successors for CEO Jensen Huang amid reports of multiple affairs, including one with an alleged Chinese spy, and may name a temporary chief while searching for a permanent replacement. The board is preparing to meet as early as Wednesday to decide Huang's future after he admitted to an affair with Alice Huang, a Megaspeed International executive suspected by US intelligence of facilitating Nvidia chip shipments to Chinese companies. Reports also allege Huang had an affair with Kimberly Powell, Nvidia's vice president of healthcare, who reported directly to him. Nvidia faces a succession crisis as Huang is its founder and only CEO, having overseen a 700,000% share price rise. The company's stock fell about 9% in after-hours trading, with over $300 billion in market value lost since the news emerged.