Nvidia’s board is preparing to oust CEO and founder Jensen Huang as soon as today, The Wall Street Journal reported, after media reports detailed how Huang had a second extramarital affair.
The chip giant’s stock fell more than 8% in after-hours trading, hitting a 52-week low.
Huang’s firing would cap a whirlwind saga that’s seen the global frontman for the AI boom admit to an affair with a suspected Chinese spy. The $4 trillion company’s long-tenured board announced a Wachtell Lipton-led probe into whether Huang may have divulged corporate secrets or endangered US national security.
In addition to providing many of the most advanced chips for hyperscalers, Nvidia has entered into billions of dollars worth of financing deals underwriting the AI buildout.
— Brendan Ruberry
