Nvidia moves toward replacing Jensen Huang as CEO following revelation of a new extramarital affair

Nvidia’s board is discussing whether to replace chief executive Jensen Huang after reports of two extramarital relationships, including one with a businesswoman suspected of spying for China. The allegations have intensified scrutiny of the company’s leadership and governance, while the board’s deliberations have yet to produce a publicly known decision.

Nvidia has hired a consultancy to find potential CEO candidates. Bloomberg reports that directors may consider keeping Huang as chairman with limited authority and making chief financial officer Colette Kress interim CEO; prediction markets have also named vice-president Ian Buck as a possible successor. Nvidia shares fell about 8% in after-hours trading, and the company has lost more than a third of its value over the past month, or $1.8 trillion in market capitalisation. Nvidia controls about 90% of the global chip market, making any leadership change significant for the AI industry and US-China technology relations.