Nvidia CEO crisis: Board prepares for ouster as stock plunges

Following reports of additional personal relationships involving CEO Jensen Huang, Nvidia's board is reportedly moving to remove him, sparking a sharp decline in the company's stock.

The crisis at Nvidia is deepening: according to reports by Globes and MarketWatch, the company's board of directors is preparing to oust CEO Jensen Huang. The move follows revelations regarding extra-marital relationships involving Huang, including one with Alice Huang, a woman suspected by U.S. authorities of spying for China. Additional reports point to a second affair between Huang and a senior executive at the company. Following these reports, the chip giant's stock tumbled by approximately 8%-9% in after-hours trading.

Meanwhile, tech firms Samsung and SK Hynix are closely monitoring the leadership uncertainty at Nvidia. Elon Musk commented on the situation, stating that hiring Huang would be an "honor." Further details regarding the ouster proceedings have not yet been released.