Nvidia preparing to remove CEO Jensen Huang amid affair probe: Report

Detailed summary

WSJ reports Nvidia's board is preparing to remove CEO Jensen Huang following reports about alleged affairs.

Nvidia's board is preparing to remove CEO Jensen Huang following reports about his personal relationships, including an alleged affair with a suspected Chinese spy, according to The Wall Street Journal (WSJ).

According to the report, the board was preparing to meet as soon as Wednesday to decide Huang's future at the company. The reported move comes as Nvidia faces growing questions about its leadership and an investigation into whether Huang was targeted by a foreign intelligence operation.

The WSJ reported that Huang had two extramarital affairs, including one with a suspected Chinese spy. The report has added to the growing controversy surrounding the Nvidia chief and his personal relationships.

Earlier on Wednesday, The New York Times reported that Huang had an affair with a company executive who reported directly to him. The newspaper identified the executive as Kimberly Powell, Nvidia's vice president of healthcare, citing five people who had worked at the company.

Also Read: Jensen Huang had affair with Nvidia VP who reports directly to him: Report

The reports emerged days after Huang acknowledged being unfaithful to his wife. Nvidia's board is also investigating whether he was targeted by a foreign intelligence operation.

The controversy has drawn attention from lawmakers, investors and the company's board. Questions have also been raised about Huang's reported relationship with another woman, Alice Huang. US intelligence officials have said she facilitated shipments of Nvidia chips to Chinese companies.

The reports have also affected Nvidia's stock. The company's shares fell about 9% in after-hours trading on Wednesday, according to Bloomberg.

Nvidia has already lost more than $300 billion in market value since news of the reported affair with Alice Huang first emerged. Investors are now watching closely for any official statement from the company about its CEO's future.

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