huangrisksousteroverreportedaffairwithsubordinate

Nvidia's board met late Wednesday to decide whether to oust Chief Executive Officer Jensen Huang, a source familiar with the matter told Reuters, as the world's dominant AI chip supplier confronts reports of two extramarital affairs involving its longtime leader. Nvidia did not immediately respond to a request for comment.
The meeting marks a sharp reversal from Sunday, when the board expressed confidence in Huang and his leadership team. Under Nvidia's bylaws he can be removed "with or without cause" by a majority of directors. Nvidia has 11 directors and considers all but Huang independent.
The stock slid more than 8% in extended trading after the Wall Street Journal first reported the company was preparing to fire Huang. If those losses hold, Nvidia will have shed about $600 billion in market value since the board opened its investigation.
US intelligence was examining Alice Huang, a businesswoman alleged to be a Chinese spy, over facilitating shipments of Nvidia chips to Chinese firms. The disclosures prompted questions about governance and Huang's conduct, an internal probe with outside counsel, and calls from lawmakers for tighter export curbs.
Armina Rosenberg of Minotaur Capital, which holds the shares, said the market was starting to price Nvidia without its founder as the likely outcome rather than a tail risk, and that losing Jensen would be a real blow.
His departure would leave a vacuum at the roughly $4 trillion company he co-founded and built over more than three decades. Huang, 63, has no obvious successor and owns about 3.6% of the stock. Bloomberg reported the board has worked with an outside firm to identify replacements.
Rosenberg said Chief Financial Officer Colette Kress, in the role for more than a decade, would be the natural interim choice, though the harder question is who leads the technology roadmap. Polymarket put an 88% chance on Huang resigning or being removed this year, with odds favoring Ian Buck as successor.
The New York Times reported earlier Wednesday that Huang also had an affair with Kimberly Powell, Nvidia's vice president of healthcare, who reported to him. Asked about the relationship by phone, Huang said he did not think the reporter should be speaking to him directly, then hung up, the Times said. Reuters could not verify that report.
Nasdaq futures fell 1%. Micron dropped nearly 2% and CoreWeave 6% in after-hours trading, while rivals AMD and Broadcom rose 4% and 3%. In Asia, Samsung gained about 1% and SK Hynix slipped nearly 1%. Quarterly results are due Nov. 17.
Nick Ferres of Vantage Point Asset Management said Nvidia is financing its customers, and that in a boom or bubble a slowdown alone can tip the cycle into bust. US President Donald Trump has voiced support for Huang, a close ally.
Huang could face a congressional subpoena if he does not answer a request for a closed-door briefing. Axios reported that Commerce Secretary Howard Lutnick stalled Trump's crackdown on companies suspected of diverting Nvidia chips.