Nvidia shares fell more than 8 per cent at one point in US after-hours trading on Wednesday as CEO Jensen Huang’s prospects of hanging onto that role became more clouded after media reports of a board meeting and another extramarital affair.
The drop in the American AI chip giant’s share price erased a 2.9 per cent rebound in the regular trading session, after the stock lost over 9.5 per cent in trading on Monday and Tuesday.
It came as speculation mounted over whether Huang would keep his job. Nvidia’s board was preparing to remove him and could meet as soon as Wednesday to decide his future, The Wall Street Journal reported, citing informed sources.
