00:00It's Benzinga, bringing Wall Street to Main Street.
00:03NVIDIA's board is preparing to oust CEO Jensen Huang following revelations of two extramarital
00:09affairs, according to The Wall Street Journal. The board was planning to meet as soon as Wednesday
00:13to determine his future, according to people familiar with the matter.
00:17Huang acknowledged an affair with Alice Huang, an executive at a major NVIDIA customer whom
00:22U.S. intelligence officials suspect of working for China. He also reportedly had an affair
00:27with a senior NVIDIA executive. His potential departure raises questions about succession
00:32planning at the chipmaker. Huang has said he does not believe in succession planning,
00:36and it remains unclear who would replace him. NVIDIA has warned that ineffective succession
00:42planning could hinder its long-term success. For all things money, visit benzinga.com.
