Nvidia Board Weighs Jensen Huang's Future After Affairs Report

Nvidia's board is preparing to meet, potentially within the day, to decide the future of founder and CEO Jensen Huang following revelations of two extramarital affairs, according to the Wall Street Journal. The stock fell about 3% in after-hours trading Wednesday. 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 earlier allegations of a relationship with Alice Huang, a former executive suspected by US intelligence of spying for China. Nvidia has announced an independent investigation into whether Huang was targeted by foreign intelligence, though the company states no evidence shows corporate secrets were breached. China has dismissed the espionage allegations as baseless.