Nvidia’s Board reportedly preparing to oust CEO Jensen Huang as second extra-marital affair emerges — stock has plunged 20% since scandals began, Huang has been first and only CEO for 33 years

Nvidia's board is discussing CEO Jensen Huang's future after reports of extramarital affairs, one involving a woman allegedly linked to Chinese intelligence. Huang owns 3.6% of Nvidia's shares. Nvidia's stock fell 8% in after-hours trading, erasing $600 billion in market value this week. The company's market value is approximately $4 trillion. President Trump expressed support for Huang, while China denied the spying allegations.

Nasdaq futures fell 1% early Thursday, with Nvidia down 8% after reports of CEO Jensen Huang's second affair. Rival chipmakers AMD and Broadcom rose, while cloud stocks retreated. The dollar hit a 19-month high, and gold fell below $4,000. Asian stocks slipped, and oil prices eased.

NVIDIA (NVDA) shares dropped 8.6% after reports of a board discussion about CEO Jensen Huang's future and an independent probe. Analysts cut price targets to $200, and Morgan Stanley removed NVDA from its Top Picks. The company disclosed $164.5B in commitments, including $105B for an OpenAI data center. Demand concerns and potential supply limits were noted. NVIDIA is set to report earnings on November 17.

Nvidia shares fell 8% in after-hours trading following reports that its board may oust CEO Jensen Huang. The board met to decide on Huang's future, according to Reuters. Huang has faced scrutiny due to personal matters and a foreign intelligence investigation. Asian shares declined on Thursday, with AI stocks impacted by the uncertainty. Nvidia closed at $173.73, up 2.9% in regular trading.

CoreWeave (CRWV) seeks $4B in financing, expects $9B in customer prepayments. Q3 revenue surged 168% to $3.66B, beating estimates, but losses widened. Adjusted operating income and backlog exceeded forecasts. CEO Intrator said demand is high, and prices for older GPUs rose 30%-50%. Retail sentiment on Stocktwits turned bullish.

Nvidia's CEO Jensen Huang faces scrutiny over personal conduct, with reports of a board meeting to decide his future. Shares dropped 8% after-hours, extending a 33% decline from October's peak. Huang, who has led Nvidia since its founding, has no clear successor, raising concerns about leadership stability and the company's role in AI.