Nvidia stock drops after report of CEO Jensen Huang's second affair

Nvidia shares fell nearly 5% in after-hours trading Wednesday after the New York Times reported CEO Jensen Huang had a second affair, this time with a senior executive reporting to him, adding to existing scrutiny over his conduct. The report alleges Huang, 63, had a relationship with Kimberly Powell, 48, Nvidia's vice president of health care, with both married to others. The two were reportedly seen being affectionate at a hotel during Nvidia's March developer conference, with a bystander recording the interaction and Huang's security team offering a nondisclosure agreement. Nvidia has lost about $1 trillion in market cap since an Oct. 29 report on Huang's affair with a suspected spy, and prediction market odds of his ouster by Jan. 1 have doubled. An independent panel, aided by law firm Wachtell, Lipton, Rosen & Katz, is investigating, with implications extending beyond the company as Huang has no obvious successor.