Chip giants stock price falls more than 8 percent amid speculation over co-founder's position.
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DEVELOPING STORY, Chip giants stock price falls more than 8 percent amid speculation over co-founder’s position. Chip giant Nvidia’s stock price has tumbled amid reports that its board of directors is meeting to consider the future of CEO Jensen Huang. Nvidia shares fell 8.6 percent in after-hours trading on Wednesday as questions swirled over Huang’s position at the top of the $4.2 trillion company. Recommended Stories list of 4 itemslist 1 of 4Cameroon: Who is really calling the shots?list 2 of 4Why the US, Mexico and Guatemala may lose their measles-free statuslist 3 of 4Hegseth entourage reprimanded by guard at Tomb of the Unknown Soldierlist 4 of 4Nvidia shares plunge amid reports board to discuss CEO Huang’s futureend of listThe plunge comes after The New York Times, The Wall Street Journal and the Financial Times reported that Nvidia’s board of directors would discuss Huang’s position amid revelations he engaged in an extramarital relationship with an Nvidia employee, in addition to an affair with a woman accused of working with Chinese intelligence services. Nvidia, which launched an investigation into Huang’s conduct on Sunday, did not immediately respond to Al Jazeera’s requests for comment. Huang, who co-founded Nvidia in 1993, is one of the most visible faces of the AI boom, spearheading the development of high-end graphics processing units (GPUs) used to used to train and run frontier models. The tech executive’s position has also placed him at the centre of the geopolitical rivalry between United States and China, which are locked in a battle for supremacy in AI. As a confidante of US President Donald Trump, Huang has lobbied for the easing of restrictions on exports of high-end chips to China, putting him at odds with national security hawks in Washington who argue that Beijing must be blocked from access to cutting-edge US tech. If Nvidia’s board were to oust Huang, it would mark a seismic moment for the chip giant. Widely viewed as integral to Nvidia’s meteoric rise to the ranks of the world’s most valuable companies, Huang is known for a centralised leadership style that places him at the centre of the company’s day-to-day operations and strategic decisions.“Jensen is Nvidia, without him the company loses it central, animating spirit,” Jay Goldberg, a senior analyst at Seaport Research Partners in San Francisco, told Al Jazeera.“The organization is built around him and replacing him will be very painful organizationally, and impossible to do personality wise.”This is a developing story.