Nvidia shares dropped sharply in after-hours trading on Wednesday after reports that CEO Jensen Huang had an extramarital relationship with a company executive and that the board is meeting to discuss his future.
Nvidia shares (NVDA) fell 8.4% as of 6 p.m. ET as investors digested the developments.
Shares of the world’s second-most-valuable company fell after The New York Times reported Huang had an extramarital relationship with an Nvidia executive, and the Wall Street Journal subsequently reported the Nvidia board is preparing to oust Huang, who co-founded the company three decades ago.
