Nvidia's board of directors is preparing to remove CEO Jensen Huang, with a decision on his fate potentially coming as early as Wednesday, according to a Wall Street Journal report cited by Reuters. The board has not yet announced any management changes, and Nvidia declined to comment on the matter. Nvidia shares plunged approximately 8% in after-hours trading following the report. The news sent shockwaves through markets given Huang's central role in driving Nvidia's rise to become one of the world's most valuable companies amid the AI boom.