Nvidia board moves to oust Jensen Huang as shares sink 8%

Nvidia’s board is preparing to remove Chief Executive Jensen Huang after reports of a second extramarital relationship, including one involving senior executive Kimberly Powell, according to accounts published Wednesday by The Wall Street Journal and The New York Times. The potential ouster would shake the roughly $4 trillion chipmaker at the center of the AI boom and US-China tech competition. Nvidia shares fell about 8% in after-hours trading, extending the company’s market-value loss to roughly $600 billion this week. Bloomberg also reported that Nvidia is working with an outside firm to identify CEO candidates. The Times reported Huang and Powell were seen being affectionate at a San Jose hotel during an Nvidia conference in March.