Instant View: Nvidia is preparing to oust CEO Jensen Huang, WSJ reports

The Wall Street Journal reports that Nvidia's board is preparing to oust CEO Jensen Huang following allegations of two extramarital affairs, including one with a suspected Chinese spy. The board is expected to meet as early as Wednesday to discuss his future. Nvidia has not yet commented on the report, and Reuters has not been able to independently verify it.

Experts suggest that the board may seek a high-profile interim CEO until a permanent replacement is found. Despite the turmoil surrounding Huang, the company's AI-focused chips are expected to remain a key player in the global AI market. Analysts believe that the new CEO will likely maintain Nvidia's strong relationships with key markets like China, Japan, and South Korea.

Some analysts also speculate that the change could present opportunities for competitors like AMD and Broadcom, potentially benefiting from increased market share.