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Nvidia shares plunge as board reportedly weighs ousting CEO Jensen Huang

Nvidia shares dropped sharply after reports that the board is discussing CEO Jensen Huang's future following allegations of two affairs, including one with a subordinate executive and another with a woman described as an alleged Chinese spy. The Wall Street Journal reported the board is preparing to oust Huang, while CNN and BBC confirmed the board is discussing his future. Huang admitted to one affair, according to BBC citing New York Times reporting. The company has not issued a detailed public response beyond a board statement.

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  • ✓ Nvidia shares plunged in after-hours trading following reports of board discussions about CEO Jensen Huang's future.
  • ✓ The Wall Street Journal reported the board is preparing to oust Huang.
  • ✓ CNN and BBC reported the board is discussing Huang's future amid scandal.
  • ✓ BBC reported Huang admitted to one affair with an alleged Chinese spy, citing New York Times.
🛡️ Source Corroboration: 15 independent reporting domains (82% confidence) ⏱ Read time: ~3 min

What changed

Reports emerged that Nvidia's board is actively discussing ousting CEO Jensen Huang following new allegations of a second affair with a subordinate executive, after he admitted to a prior affair with an alleged Chinese spy.

Live updates

  1. Nvidia board weighs Huang ouster as shares plunge on affair allegations

    Nvidia shares dropped sharply after reports that the board is discussing CEO Jensen Huang's future following allegations of two affairs, including one with a subordinate executive and another with a woman described as an alleged Chinese spy. The Wall Street Journal reported the board is preparing to oust Huang, while CNN and BBC confirmed the board is discussing his future. Huang admitted to one affair, according to BBC citing New York Times reporting. The company has not issued a detailed public response beyond a board statement.

    Why it matters

    The allegations threaten leadership stability at the world's most valuable semiconductor company, which dominates AI chip supply. Huang has led Nvidia since its 1993 founding and is closely identified with its strategic direction. The reported involvement of a subordinate raises governance concerns, while the alleged Chinese spy connection introduces national security dimensions. Democratic senators have demanded records from the Trump administration over the latter claim.

    What is confirmed

    • Nvidia shares plunged in after-hours trading following reports of board discussions about CEO Jensen Huang's future.
    • The Wall Street Journal reported the board is preparing to oust Huang.
    • CNN and BBC reported the board is discussing Huang's future amid scandal.
    • BBC reported Huang admitted to one affair with an alleged Chinese spy, citing New York Times.
    • New York Times reported Huang allegedly had a second affair with an executive who reports to him.
    • Democratic senators demanded NVIDIA records from the Trump administration over alleged Chinese spy ties.

    Still unconfirmed

    • The board has made a final decision to remove Huang as CEO.
    • The woman from the first affair is a confirmed Chinese intelligence operative.
    • Elon Musk has formally offered Huang a position at one of his companies.

    What to watch next

    • Nvidia board's formal announcement on Huang's status
    • SEC or regulatory filings related to governance changes
    • Details of the board's investigation into the allegations
    Sources used for this update (17)
    1. finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
    2. www.theguardian.com — AI godfather Geoffrey Hinton: ‘We’re creating alien beings. I’m willing to be selfish and choose humans’ | Donald Trump
    3. www.rfi.fr — Houthi war risks dragging Israel and Turkey into Horn of Africa standoff - International report - RFI
    4. NVIDIA Newsroom — Statement from NVIDIA Board of Directors
    5. www.inquisitr.com — Shrapnel damages Saudi Aramco building in Riyadh
    6. The New York Times — Jensen Huang Said to Have Had Relationship With Nvidia Executive Who Reports to Him
    7. WSJ — Exclusive | Nvidia is Preparing to Oust CEO Jensen Huang
    8. CNN — Nvidia board discusses CEO Jensen Huang’s future as scandal roils one of America’s most valuable companies
    9. CNBC — Elon Musk says it would be an 'honor' to hire Nvidia's Jensen Huang
    10. BBC — Nvidia shares plunge as board reportedly weighs ousting CEO Jensen Huang - follow live
    11. Yahoo Finance — Nvidia's Jensen Huang Is on the Hot Seat. Here's What I'm Doing With My Nvidia Stock
    12. Fox Business — Democratic senators demand NVIDIA records from Trump administration over alleged Chinese spy ties
    confidence 82%
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