Nvidia shares dive after report that board preparing to oust Jensen Huang

The dramatic fall follows Nvidia's announcement that it launched an investigation into Huang, who admitted to having an extramarital affair. U.S. intelligence agencies have linked the CEO to Alice Huang, a Chinese business executive suspected of being an intelligence asset.

Market Impact

Nvidia shares fell to $159.51 in after-hours trading, continuing a steep decline in the company's market value. The stock has lost more than $450 billion since Nvidia announced the probe into Jensen Huang's conduct on November 8.

Leadership Concerns

Corporate governance experts note that Huang's alleged relationship appears to violate Nvidia's code of conduct, which highlights that personal relationships could create conflicts of interest. The code specifies that workers have a responsibility 'to maintain high ethical standards.'

Industry Significance

Jensen Huang, who co-founded Nvidia in 1993, is widely regarded as the face of the artificial intelligence sector. The company's advanced chips provide critical computing resources that power cutting-edge AI models.