According to the Wall Street Journal, Nvidia’s board of directors is planning to meet — possibly as soon as Wednesday — to decide the future of Jensen Huang, the company’s co-founder and CEO, who has led Nvidia for 33 years.
The scandal and reporting
On Sunday Huang acknowledged having an extramarital affair with a woman whom U.S. intelligence has identified as a suspected Chinese spy. On Wednesday evening, The New York Times reported that Huang also had an affair with an executive who reports directly to him.
Market impact
Amid the unfolding scandal, Nvidia’s stock fell about 8% in after-hours trading on Wednesday. Over the past five trading days the shares are down roughly 11%.
Leadership and succession questions
Nvidia has become one of the world’s most valuable companies by designing the chips that have powered the recent AI boom. Huang has said he delegates very little and has about 60 direct reports. The company has not had an obvious public successor or a clearly articulated succession plan.
Next steps
Sources cited by the Wall Street Journal indicated the board meeting could determine Huang’s immediate future, but the paper did not provide further specifics on timing or potential outcomes. The broader implications for Nvidia’s leadership, governance and investor confidence will depend on the board’s decisions and any formal statements from the company.
