Nvidia shares fall as board weighs CEO Huang's future after affair reports

Nvidia shares fell sharply in after-hours trading Wednesday after reports that CEO Jensen Huang had an extramarital relationship with a company executive and that the board is meeting to discuss his future. Shares dropped 8.4% following reports from The New York Times and Wall Street Journal, with the latter saying the board is preparing to oust Huang, who co-founded the company three decades ago. This follows a weekend apology from Huang for an affair and a board investigation into whether he was targeted by foreign intelligence. Wall Street analysts are questioning who could replace Huang, as Nvidia has no clear public succession plan. The company is a major driver of US economic growth and has powered the AI boom behind much of the stock market's recent gains.