Big news for the tech world: NVIDIA's board is reportedly deciding whether to remove co-founder and CEO Jensen Huang, and the board could meet as soon as Wednesday to determine Huang's future at the company.
The company's stock has already taken a hit, down 8% after hours on Wednesday and 11% in the past five days, right when NVIDIA is leading the charge in AI chip development.
Jensen Huang affair involves alleged spy
Huang's possible ouster comes after he admitted to an affair with a woman purported by US intelligence to be a Chinese spy, plus news just broke of another relationship with an executive who reports to him at NVIDIA.
These revelations have investors worried about where the company is headed, especially since Huang runs things hands-on with no clear backup plan in place.