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Nvidia CEO Huang Faces Ouster Over Affair Reports
Nvidia's board is preparing to oust CEO Jensen Huang after reports of two extramarital affairs, including one with a suspected Chinese spy, the Wall Street Journal reported, citing people familiar with the matter. The board met late Wednesday to decide Huang's future, a source told Reuters, as the company grapples with the leadership crisis. Nvidia shed about $430 billion in market value over two sessions, with shares on track to lose more than $470 billion, as scrutiny deepened over Huang's relationship with a Chinese businesswoman alleged to be a spy. Huang admitted to the affair on Sunday, and Nvidia said it is probing whether he was the target of a foreign intelligence effort. A shareholder has also sued Nvidia and Huang, accusing them of deceiving investors in responses to media reports. Korean outlets report the controversy has put Huang's personal life in the spotlight, with implications for Washington, as he is the leading face of the AI revolution.
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