On November 8, U.S. Eastern Time, Jensen Huang, founder and CEO of Nvidia, admitted to an extramarital affair in a letter to employees and apologized to the board, staff, and shareholders worldwide. Nvidia's board of directors announced that an investigation has been launched by independent directors and outside counsel. According to Bloomberg, Huang, a co-founder of Nvidia, is known for his hands-on, tireless management style. The company has not announced a clear succession plan, and Huang has no obvious designated successor. He has repeatedly said he hopes to continue leading Nvidia for decades to come and has built an informal organizational structure around himself. Reuters reported that Dan Ives, partner and senior managing director at U.S. investment firm Wedbush Securities, said: "Clearly, based on the board's investigation findings, Jensen Huang could be removed from the chief executive officer position."