Nvidia moves to push out Jensen Huang after 2 affair reports
What's new: The fallout erased about $600 billion in market value this week, and Nvidia was reported to be searching for CEO candidates.
Nvidia’s board is preparing to remove CEO Jensen Huang after reports tied him to two extramarital affairs, including one involving a woman US intelligence has linked to Chinese espionage. The Wall Street Journal reported the board could meet as soon as Wednesday to decide his future, while Bloomberg reported Nvidia is working with an outside firm to identify possible successors. A separate New York Times report said Huang also had a relationship with an executive who reported to him. The scandal has intensified scrutiny of governance at the nearly $4 trillion chipmaker, a central player in the AI boom and US-China tech rivalry. Nvidia shares fell about 8% in after-hours trading, extending a weekly loss that has wiped out roughly $600 billion in market value.