Nvidia stock falls 7% after report board is preparing to oust Jensen Huang after second affair

Detailed summary

Nvidia stock was down 7% after hours following two new reports about Jensen Huang dropped, including one that said its board was preparing to remove him.

Nvidia's stock was down 8% after hours on Wednesday after new reports dropped concerning CEO Jensen Huang. The Wall Street Journal reported the Nvidia board was preparing to remove Huang. Days earlier, the board said it was investigating whether Huang was the target of a foreign intelligence effort after the CEO acknowledged having an extramarital affair. The New York Times also reported new allegations on Wednesday, saying Huang had a second extramarital affair with an executive at Nvidia who reports to him, citing five unnamed sources who worked at the company. The Times said the executive was Kimberly Powell, Nvidia's vice president of health care.

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