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Nvidia's board may remove CEO Jensen Huang after a second alleged affair, WSJ says

The Wall Street Journal reports, citing sources, that Nvidia's board is preparing to oust Jensen Huang, its founder and chief executive of 33 years, and met on Wednesday to decide his future. Nvidia shares fell more than 7% after hours. The move follows a New York Times report that Huang had an affair with Kimberly Powell, Nvidia's vice president of healthcare, who reports to him; the Times says five employees told it about the relationship. This comes days after Huang admitted an affair with a woman alleged to be a Chinese spy. House Republicans say Congress may subpoena him if he does not agree to a closed-door briefing, and Ars Technica reports the FBI is investigating.

Why it matters: Nvidia makes most of the chips used to train AI, so a sudden change at the top could shake the wider AI market. No decision has been announced yet.