Nvidia shares slipped more than 7% in after‑hours trading on Wednesday after The Wall Street Journal said the board is planning to oust CEO Jensen Huang. The report followed a New York Times story that Huang had an extramarital relationship with Kimberly Powell, Nvidia’s vice president of health care. Powell oversees the company’s medical‑imaging and drug‑discovery hardware and software. Nvidia said it has launched an independent investigation and hired the law firm Wachtell, Lipton, Rosen & Katz. The stock decline adds to a week‑long slide as investors worry about the AI business outlook.
Why it matters
The drop shows how personal scandals at Nvidia’s top can quickly affect investor confidence in the AI chip market.
