Nvidia prepares to oust Jensen Huang, WSJ reports — stock sinks
Nvidia shares sank more than 7% in after-hours trading after the Wall Street Journal reported the board is preparing to oust CEO Jensen Huang, who days earlier admitted to an affair with Alice Huang, whom U.S. intelligence reportedly believes is a Chinese spy for the Ministry of State Security. The New York Times reported the relationship was with health care vice president Kimberly Powell, and the board has hired Wachtell, Lipton, Rosen & Katz to investigate the spying allegations.
