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

Nvidia shares fell 8.4% in after-hours trading Wednesday following reports that CEO Jensen Huang had an extramarital relationship with a company executive and that the board is meeting to discuss his future. The New York Times reported the relationship, and the Wall Street Journal said the board is preparing to oust Huang, who co-founded the company three decades ago. Nvidia did not respond to requests for comment. Huang apologized Sunday for an affair, days after the board said it would investigate whether he was a target of a foreign intelligence effort. Huang has no clear successor, having previously said he does not believe in succession planning. Shares had already dropped 9.5% earlier this week, while rival chipmakers AMD and Broadcom rose in after-hours trading.