Nvidia board reportedly moves to oust CEO Jensen Huang as shares fall

Key points

• The Wall Street Journal reports the Nvidia board could meet as soon as Wednesday to determine Jensen Huang's future at the company he co-founded 33 years ago.
• Huang admitted on 8 November to an extramarital affair with a woman US intelligence reportedly believes is a Chinese spy; the New York Times reported a second affair with an executive who reports to him.

Nvidia's board is reportedly preparing to remove CEO Jensen Huang, with the Wall Street Journal reporting that directors could meet as soon as Wednesday to decide his future at the chipmaker he co-founded and has led for 33 years. The report, summarised by TechCrunch, says the board is weighing whether Huang stays in charge.

The pressure follows disclosures about Huang's personal conduct.

Investors reacted sharply. Nvidia stock fell about 8% in after-hours trading on 11 November and was down about 11% over the previous five days, according to the report. Nvidia has grown into one of the world's most valuable companies by designing the chips behind the AI boom.

What to watch: The Nvidia board is reportedly due to meet as soon as Wednesday to decide Jensen Huang's future at the company.

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