Nvidia shares plunge amid reports board to discuss CEO Huang’s future

Chip giant Nvidia’s stock price has tumbled amid reports that its board of directors is meeting to consider the future of CEO Jensen Huang. Nvidia shares fell 8.6 percent in after-hours trading on Wednesday as questions swirled over Huang’s position at the top of the $4.2 trillion company.

Nvidia, which launched an investigation earlier this week after Huang admitted to an extramarital, did not immediately respond to Al Jazeera’s requests for comment. Huang, who co-founded Nvidia in 1993, is one of the most visible faces of the AI boom, spearheading the development of high-end graphics processing units (GPUs) used to used to train and run frontier models.

The tech executive’s position has also placed him at the centre of the geopolitical rivalry between United States and China, which are locked in a battle for supremacy in cutting-edging tech such as AI. As a confidante of US President Donald Trump, Huang has lobbied for the easing of export controls on high-end chips, putting him at odds with national security hawks in Washington who argue that Beijing.