Nvidia shares slide about 7% premarket as board weighs Jensen Huang's future

Nvidia's board met late Wednesday to discuss whether to remove CEO Jensen Huang after reports of two extramarital relationships, one with an alleged Chinese intelligence asset and one with a senior Nvidia executive who reports to him. No decision had been announced Thursday morning, and Nvidia stock was down about 7% in premarket trading after falling 8.6% after hours, while rivals AMD and Broadcom rose. Bernstein halved its price target to $200 and Baird downgraded the stock to neutral; the slide weighed on chip shares in Asia and Europe.