Nvidia board moved to force out Jensen Huang as shares slid 8%
What's new: The board was preparing an emergency meeting, and Nvidia had begun looking for possible CEO successors.
Nvidia’s board was preparing to decide Jensen Huang’s future after reports that the CEO had extramarital relationships, including one with an executive who reported to him. The scrutiny deepened a board investigation already underway and threatened to upend leadership at the roughly US$4 trillion chipmaker at the center of the AI boom. The Wall Street Journal reported the board could meet as soon as Wednesday, while Bloomberg reported Nvidia was working with an outside firm to identify CEO candidates. The New York Times separately reported Huang had a relationship with Kimberly Powell, Nvidia’s vice-president of healthcare. Nvidia shares fell about 8% in after-hours trading as investors weighed the risk of a sudden leadership change.