Nvidia’s board is meeting on Wednesday, November 11, to decide whether to oust CEO Jensen Huang, a source familiar with the matter told Reuters, as the world’s dominant supplier of AI processors grapples with reports of two extramarital affairs involving its longtime leader.
Nvidia did not immediately respond to a request for comment on the board meeting.
Huang’s potential departure would leave a leadership vacuum at the roughly $4-trillion chipmaker he co-founded and built over more than three decades to become the top supplier of AI chips at the center of the global artificial-intelligence boom and US-China technology rivalry.
Huang, 63, has no obvious successor and owns about 3.6% of Nvidia’s stock. He also has dozens of direct reports, underscoring the tight control he maintains over the company.
“Huang being removed immediately could be challenging for Nvidia since it does not have a succession plan in place … If Mr. Huang broke the law or violated company policies, the board is likely to act as soon as they have proof,” Gil Luria, head of technology research at D.A. Davidson, said.
The company’s shares slid about 8% in after-hours trading after the Wall Street Journal first reported that Nvidia was preparing to oust Huang.
