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Nvidia investors were on tenterhooks amid reports that the chip giant's board had convened to discuss CEO Jensen Huang 's future with the company. In total, six analysts had downgraded the stock between Wednesday night and Thursday morning. The New York Times on Wednesday reported that Huang had engaged in a second extramarital affair with an employee. The CEO was already under scrutiny after Huang admitted to having a romantic relationship with a woman U.S. intelligence believes is a Chinese spy. Nvidia is yet to make a public statement about Huang's future with the company. However, CNBC confirmed late on Wednesday that the board was meeting to decide whether to oust him after more than 30 years at Nvidia's helm.
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