Nvidia shares slide on reports CEO Jensen Huang may be ousted

Nvidia shares fell sharply following media reports that the board is preparing to potentially remove CEO Jensen Huang, with the stock dropping up to nine percent to $158, its lowest level since mid-2025. The Wall Street Journal, citing unnamed sources, reported the board may meet Wednesday to decide Huang's future, with the New York Times also covering the session. The move follows an internal investigation into claims Huang had an affair with a woman suspected by US security circles of being a Chinese spy, which Huang confirmed in an email to employees. The New York Times additionally reported Huang allegedly had another affair with a subordinate manager, which he and Nvidia have not commented on. Huang is a defining figure of the AI boom, and his removal could plunge the chipmaker, one of the world's most valuable companies, into a leadership crisis.