- Nvidia's board of directors is preparing to oust chief executive officer Jensen Huang following disclosures regarding two extramarital relationships.
- The relationships involve Nvidia vice president Kimberly Powell and Alice Huang, who US intelligence claims facilitated chip shipments to Chinese firms.
- Nvidia shares fell by around 8 per cent in after-hours trading, extending a loss of more than $300 billion in market value since the scandal emerged.
- The company's board has launched an internal investigation into Huang's conduct, and US House committee leaders have requested a closed-door briefing.
- Huang admitted to unfaithfulness in an internal memo to employees, compounding a major leadership crisis for the $4 trillion AI chipmaker.
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