Nvidia board weighs Jensen Huang's future as shares fall

Nvidia shares fell sharply after reports that its board is weighing CEO Jensen Huang's future.

Huang co-founded the chipmaker in 1993 and leads a company whose processors are central to the artificial intelligence boom.

He admitted to an extramarital affair and apologized, while Nvidia's board opened an investigation into whether he was targeted by a foreign intelligence effort.

US officials reportedly suspect a woman involved in a separate relationship with Huang of being a Chinese intelligence asset; Huang has also been linked in another report to an Nvidia executive.

Reports say the board is preparing to remove him, but the company has not publicly confirmed that decision.

Investors are concerned about who could replace him, as analysts say Nvidia has no clear public succession plan.

The board says it will examine available information and has said it has no reason to believe national security or company secrets were compromised; lawmakers are also expected to question Nvidia executives about whether its chips are reaching China through other countries.