Reports say Nvidia board weighs ousting CEO Jensen Huang

Media outlets, led by the Wall Street Journal, reported on Wednesday that Nvidia's board is preparing to oust co-founder and CEO Jensen Huang and could meet imminently to decide his future, according to DW. The report comes as Nvidia investigates whether Huang was targeted by a foreign intelligence effort after reports of an affair with a woman US intelligence reportedly identified as a Chinese intelligence asset. The New York Times reported Wednesday that Huang also had an affair with an Nvidia executive who reported to him. Huang has led the company for more than three decades, turning it from a gaming chipmaker into the dominant supplier of chips for artificial intelligence. News that Nvidia might part ways with Huang sent the company's shares down about 8% in after-hours trading, according to DW. A reporter for Bloomberg said on X that Nvidia's board was working with an outside firm to identify potential successors and considering an interim CEO while it searched for a permanent replacement. CNBC published a page about Jim Cramer's stance on Nvidia's stock amid reports that CEO Jensen Huang may be ousted, but no visible article text or Cramer claims appear in the source.

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