Nvidia CEO Jensen Huang faces board pressure after second affair report
Nvidia CEO Jensen Huang faces mounting pressure after reports of a second affair, this time with company vice president Kimberly Powell, prompting the board to consider his departure as the stock continues to decline. Huang recently admitted to a relationship with business partner Alice Huang, who is allegedly a Chinese agent, and now the New York Times reports he also had an affair with Powell, Nvidia's healthcare vice president. The board is meeting urgently to discuss next steps. Nvidia's stock fell nearly 9 percent in after-hours trading, extending a 24 percent decline over four weeks, with Microsoft nearing Nvidia's market value. Powell, who joined in 2008, leads a relatively small healthcare business unit.