Nvidia stock falls as board reportedly prepares to remove CEO Jensen Huang

Nvidia's board is reportedly preparing to remove co-founder and CEO Jensen Huang, who has led the company for 33 years, with a meeting as soon as Wednesday to decide his future, the Wall Street Journal reported. The report follows Huang's admission on Sunday of an extramarital affair with a woman described by U.S. intelligence as a Chinese spy, and a New York Times report on Wednesday that he also had an affair with an executive who reports to him. Nvidia shares fell about 8% in after-hours trading on Wednesday and are down about 11% over the past five days, while Bloomberg reported the company is working with an outside firm to identify potential CEO candidates.