Nvidia shares fall on reports board may oust CEO Jensen Huang

Nvidia shares fell more than 8% in after-hours trading on Wednesday after The Wall Street Journal reported that the chipmaker’s board was preparing to oust CEO Jensen Huang. The shares had closed up 2.9% at $173.73 in regular US trading.The board met late Wednesday US time to decide whether to remove Huang, Reuters reported, citing a person familiar with the matter.The shares had closed up 2.9% at $173.73 in regular US trading.Huang, who co-founded Nvidia in 1993, has become synonymous with the company. Its dominance in chips used to train AI models has made Nvidia the poster child for the AI boom. A change in leadership could have repercussions across the industry.On Sunday, Nvidia’s board announced an independent investigation following reports that Huang had been targeted by a foreign intelligence effort. The board said it had no reason to believe company secrets or US national security had been compromised and expressed confidence in Huang.Huang has acknowledged an extramarital affair. Reuters reported that the woman involved was suspected of spying for China.Separately, The New York Times reported on Wednesday, citing five people who had worked at Nvidia, that Huang was also involved in a second extramarital affair, with the company's vice president of health care, Kimberly Powell.Asian shares slip after Wall Street rallyAsian shares mostly fell on Thursday as uncertainty over…