Nvidia shares sink on report its board is preparing to oust CEO Jensen Huang

Nvidia shares fell more than 8% in after-hours trading Wednesday after The Wall Street Journal reported the chipmaker's board was preparing to remove CEO Jensen Huang. Reuters, citing a person familiar with the matter, reported the board met late Wednesday to decide his future; no decision has been announced. The reports follow allegations about Huang's personal relationships, including one with a businesswoman U.S. intelligence reportedly suspects of ties to Beijing. On Sunday the board announced an independent investigation into whether Huang was targeted by a foreign intelligence operation and said it had no reason to believe company secrets or U.S. national security were compromised. Nvidia's after-hours slide weighed on U.S. stock futures.