Nvidia's board prepared to oust co-founder and CEO Jensen Huang and could meet imminently to decide his future, media outlets reported on Wednesday.
Huang has led the company for more than three decades, turning it from a gaming chipmaker into the dominant supplier of chips for artificial intelligence.
The report sent Nvidia shares down about 8% in after-hours trading.
A reporter for the financial news outlet Bloomberg said on X that Nvidia's board was working with an outside firm to identify potential successors and considering an interim CEO while it searched for a permanent replacement.
More to come on this developing news
Source: Deutsche Welle · Richard Connor
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