Nvidia board meets to decide Jensen Huang's future as CEO

Nvidia's board convened Thursday to determine whether to remove Jensen Huang as chief executive, a source familiar with the matter told Reuters, following reports of two extramarital affairs including one with a woman US intelligence identified as having facilitated Nvidia chip shipments to Chinese firms.

Huang, 63, acknowledged in a memo to employees Sunday that he had been unfaithful to his wife. The New York Times reported Thursday that a second affair involved a company executive who reported directly to him.

Nvidia shares fell approximately 8% in after-hours trading after the Wall Street Journal first reported the board was preparing to oust Huang. Combined with earlier losses following the board's announcement of its investigation, Nvidia has shed roughly $600 billion in market value this week.

Huang has no designated successor and holds approximately 3.6% of Nvidia's stock. He maintains dozens of direct reports, a structure that leaves the company's operational continuity heavily dependent on his continued leadership.