Nvidia’s board of directors is preparing for an extraordinary meeting to potentially oust longtime co-founder and CEO Jensen Huang following internal investigations into two alleged extramarital affairs, according to reports from The Wall Street Journal and Financial Times. One relationship involved a Nvidia healthcare vice president, while another reportedly involved a Chinese executive suspected by U.S. intelligence of espionage. The leadership crisis has already wiped out more than $300 billion in market value this week, sending Nvidia shares tumbling an additional 8% in after-hours trading and sparking major uncertainty across the global semiconductor and AI supply chain.
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