Nvidia Board Prepares to Oust CEO Jensen Huang Over Extramarital Relationships

Nvidia's board of directors is preparing to remove Chief Executive Officer and co-founder Jensen Huang following an internal investigation into extramarital affairs, sending shares down 7% to 8% in post-market trading. The board scheduled a meeting to decide his status following a New York Times report that Huang had an affair with a subordinate, Vice President of Healthcare Kimberly Powell. This followed Huang's admission earlier in the week of an affair with Alice Huang, a businesswoman suspected by U.S. intelligence of being a Chinese spy. Outside law firm Wachtell, Lipton, Rosen & Katz was hired to lead an independent probe.