Nvidia board meets to decide CEO Huang’s future, source says

Nvidia’s (NVDA.O), opens new tab board is meeting on Wednesday to decide whether to oust CEO Jensen Huang, a source ​familiar with the matter told Reuters, as the world’s dominant supplier of AI processors grapples with reports of two extramarital affairs involving its longtime leader. Huang, 63, has no obvious successor and owns about 3.6 percent of Nvidia’s stock. He also has dozens of direct reports, ​underscoring the tight control he maintains over the company.

“Huang being removed immediately could be challenging for Nvidia since it does not have a succession plan in place ... If ​Mr. Huang broke the law or violated company policies, the board is likely to act as soon as they have proof,” Gil Luria, head of technology research at D.A.

Davidson, said. The company’s shares slid about 8 percent in after-hours trading after the Wall Street Journal first reported that Nvidia was preparing to oust Huang.