Nvidia Board Moves to Oust Jensen Huang, Works With Outside Firm as Wednesday Meeting Looms

Nvidia's board is preparing to oust co-founder and CEO Jensen Huang after 33 years and is working with an outside firm to identify replacements, with a board meeting reportedly set for as soon as Wednesday to determine his future. The move follows admissions of two extramarital affairs, including one with Megaspeed executive Alice Huang, whom U.S. intelligence believes is a Chinese operative, and another with Nvidia healthcare VP Kimberly Powell. Nvidia stock fell about 8% in after-hours trading on reports; the company has no COO or formal succession plan, with CFO Colette Kress and lead director Stephen Neal cited as possible interim leaders.