Nvidia’s stock drops as board reportedly preps to oust CEO Jensen Huang

Nvidia shares fell roughly 8% in after-hours trading on Wednesday after the Wall Street Journal reported that the company's board is preparing to oust co-founder and CEO Jensen Huang, who has led Nvidia for 33 years. Sources said the board could meet as soon as Wednesday to decide Huang's future. The reports follow Huang's Sunday admission of an extramarital affair with a woman U.S. intelligence reportedly believes is a Chinese spy, and a Wednesday New York Times report that Huang also had an affair with an executive who reports to him. Nvidia has become one of the world's most valuable companies by designing chips that power the AI boom, but its stock is down about 11% over the past five days. Huang is known for delegating very little and has about 60 direct reports, and the company has no obvious successor or succession plan.

(Source：TechCrunch)