Nvidia LIVE Updates: Board meets to discuss Jensen Huang’s ouster amid affair reports; no decision reported so far

Key Points:

• Nvidia's board is meeting to decide whether to remove CEO Jensen Huang following revelations of his extramarital affairs, including one with Alice Huang, a suspected Chinese intelligence asset linked to Nvidia's Asia-Pacific partner Megaspeed.
• US officials have launched a national security probe amid concerns that Nvidia's advanced AI chips may have been diverted to China through Alice Huang, despite US export restrictions; Megaspeed has pledged full cooperation with the investigation.
• The scandal has caused significant market turbulence, with Nvidia shares dropping nearly 10%, Asian tech stocks falling, and Chinese AI firms rushing to secure Nvidia chip capacity amid fears of tightened US export controls.
• China has dismissed the spying allegations as unfounded and accused the US of using them to justify a technological blockade against Beijing, while US Democratic senators have urged the Trump administration to preserve all Nvidia export records related to China.
• Potential successors to Jensen Huang include internal candidates like CFO Colette Kress and engineer Ian Buck, as well as speculation about family members or other tech CEOs, while Nvidia's Asian supply chain is preparing for possible leadership changes.