Nvidia board weighs CEO Jensen Huang's removal after second affair allegation

Nvidia is preparing to remove CEO Jensen Huang amid allegations of a second extramarital affair, according to The Wall Street Journal, following an ongoing board investigation and investor concerns. The New York Times reported Huang had a relationship with Kimberly Powell, Nvidia's vice president of healthcare, who reports directly to him. This follows Huang's Sunday admission of unfaithfulness in a separate relationship involving a woman described as an alleged Chinese spy. The controversy has triggered analyst downgrades, including Baird cutting Nvidia to neutral, and Morgan Stanley removing it from its Top Pick list. Nvidia lost over $427 billion in market value in two trading sessions. Huang co-founded the company in 1993.