Nvidia shares plunge as board prepares to oust Jensen Huang: Report

Nvidia’s board is preparing to remove CEO Jensen Huang following reports of two extramarital affairs, including one involving a woman suspected by US intelligence officials of having links to Chinese intelligence, according to The Wall Street Journal (WSJ).

The report, which cited people familiar with the matter, said the board could meet as soon as Wednesday to decide Huang’s future at the company.

The news sent Nvidia shares down nearly 8% in after-hours trading on Wednesday. The stock fell more than 9% at one point after the report came out, according to CNBC.