A source told Reuters that Nvidia's board of directors is scheduled to meet to decide on the dismissal of CEO Jensen Huang, at a time when the leading supplier of artificial intelligence chips is facing reports of two extramarital affairs involving its CEO.
Huang's departure would leave a leadership vacuum at the nearly $4 trillion company, which he co-founded and built over more than three decades into the premier chip supplier at the heart of the global artificial intelligence boom and the technology rivalry between the United States and China.
Huang (63 years old) owns about 3.6 percent of Nvidia shares. He also has dozens of direct reports, highlighting the tight control he exercises over the company.
The company's stock fell by about eight percent in after-hours trading after the Wall Street Journal reported the news that NVIDIA was preparing to fire Huang. The company has lost about $600 billion in market value this week since the board of directors announced the opening of an investigation into his relationship with a Chinese businesswoman.
Earlier on Wednesday, the New York Times reported that Huang was also having an extramarital affair with one of the company's female executives working under his supervision.
The New York Times quoted five people who worked at the company as saying that the relationship was with Kimberly Powell, vice president of the healthcare department at Nvidia.
Democrat Scott Cullum won a seat in the US Senate from the traditionally conservative state of Mississippi, according to media network estimates on Wednesday, becoming the first African American to be elected to the Senate from this southern state in more than 140 years.
Cullum, a 43-year-old prosecutor, was able to defeat the current Republican Senator, Cindy Hyde-Smith, in the midterm elections in which the Democrats achieved a landslide victory over the Republicans, thus regaining the majority in both chambers of Congress.
Collom's victory comes to intensify the blow to President Donald Trump, as voters across the country turned their backs on his Republican Party, even in states that have not elected any Democrat to the House of Representatives or Senate in Washington for decades.
This latest victory, which was announced by American media on Wednesday, including CNN, NBC, and CBS, will give the Democrats 55 seats in the 100-seat Senate, compared to 44 seats for the Republicans, pending the outcome of the state of Alaska, which has not yet been decided.
Hyde-Smith, who has been in office since 2018, acknowledged her defeat in the electoral race in a video clip she posted on “X”.
“Although this is not the outcome we worked for or hoped for, I respect the decision of Mississippi voters,” the 67-year-old senator said. “I want to congratulate Scott Cullum, wishing him well as he takes on the great responsibility of representing our great state.”
Cullum will become the first Democratic senator from Mississippi in 40 years, and the first black senator to represent the state since the Reconstruction era that followed the Civil War.
One person was killed and others were injured, on Wednesday, when a three-story building collapsed near a construction site in New York, city authorities said.
Pictures from the site showed firefighters digging through a pile of rubble in front of what appeared to be a residential property whose walls had collapsed.
American media reported that some people were recovered from under the rubble, including a child who was taken out on a stretcher.
The New York Fire Department said that it had received reports of people trapped after a building collapsed around four in the afternoon (21:00 GMT) in the Flatbush neighborhood in Brooklyn.
One person was declared dead upon arrival, according to the fire department, while four were taken to hospital in critical condition, while six people sustained minor injuries.
The cause of the building's collapse was not immediately known.
The city's building department said its inspectors rushed to the site "to assist in rescue operations and conduct structural safety checks on nearby buildings."
