Nvidia's board is meeting to decide whether to remove CEO Jensen Huang, and its shares fell more than 9 percent after hours

CNBC confirmed late on Wednesday that Nvidia's board is meeting to decide whether to remove CEO Jensen Huang. The Wall Street Journal first reported the board was preparing to force him out, and Nvidia shares fell more than 9 percent after hours. On Sunday Huang admitted an affair in a message to staff, and the board opened an independent investigation into whether he was the target of a foreign intelligence effort.

• If you have a pension, savings app or index fund, check whether it holds large US tech shares, because it probably holds Nvidia, and try not to react to one day's price swing.
• Treat anything beyond Huang's own admission and the board's own statements as a report that Nvidia has not confirmed, and wait for the company's announcement before you share claims.

Source: CNBC. This is our short summary of their reporting. The paragraphs marked "Our read" and the things to do are SeedFoundry's opinion. The summary is drafted with AI tools. Image: NVIDIA, from its own announcement. How we source and credit