Nvidia's board is weighing whether to oust chief executive Jensen Huang, according to reports from the Wall Street Journal and CBS News, sending Nvidia shares down more than 8% in after-hours trading. The reports say the board met on Wednesday to decide Huang's future, after the company announced an investigation on November 8 into reports that Huang had been the target of a foreign intelligence effort. More than $450 billion in market value has been wiped out since the probe was announced. President Trump said this week that the FBI is also investigating romantic and business ties between Huang and Alice Huang, a Chinese business executive whom US intelligence agencies suspect of links to China's Ministry of State Security. The New York Times has also reported a separate relationship with Kimberly Powell, Nvidia's vice president of healthcare. No board decision has been announced, and Nvidia's last public word remains its November 8 statement of confidence in Huang, who has led the company since co-founding it in 1993. With no obvious successor, investors are asking how much of the world's most valuable chipmaker depends on one man. Nvidia reports third-quarter results on November 17, and House committee chairs have asked Huang to give a closed-door briefing on November 18.
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