Nvidia shares plunge 8% as board weighs CEO Jensen Huang's future

Nvidia shares plunged over 8% in after-hours trading Wednesday after its board reportedly considered CEO Jensen Huang's future, a move that could erase hundreds of billions in market value if sustained at Thursday's Nasdaq open. The deliberations follow revelations of Huang's affair with a subordinate executive and a woman identified by U.S. intelligence as a Chinese spy, casting doubt on leadership of the AI boom's central company and unsettling Wall Street's AI trade outlook. Nvidia's stock is down about a third from its October peak, losing over $1.5 trillion in value and entering bear market territory, though analysts still project profits above $200 billion this year.