Nvidia’s board is preparing to remove CEO Jensen Huang and was planning to meet to decide his future, The Wall Street Journal reported, citing people familiar with the matter. No decision or successor was reported.
The report followed accounts of two extramarital relationships. The New York Times reported that Huang had a relationship with Nvidia executive Kimberly Powell, who reports to him. It also reported that U.S. officials believe Alice Huang, with whom he was reportedly involved, is a Chinese intelligence asset; China denies the allegation. Nvidia shares fell 5.9% in premarket trading on Thursday.