Nvidia shares plunge 9% as board weighs CEO Jensen Huang's removal

Nvidia shares plunged 9% on Wednesday following reports that its board is considering removing CEO Jensen Huang. The decline came after the company announced an investigation into claims Huang was targeted by foreign intelligence efforts. Nvidia announced Sunday it opened a probe into reports that Huang became a target of foreign intelligence. Media reports alleged Huang had a romantic relationship with a woman U.S. security circles believe was recruited by Chinese intelligence. Huang confirmed the extramarital relationship in an email to employees. The Wall Street Journal reported the board may meet soon to decide Huang's future, while the New York Times alleged another relationship with a former subordinate. Shares hit their lowest level since mid-2025. Nvidia dominates AI data center chips, and Huang has become a prominent figure in the AI revolution.