Joel Saget / AFP via Getty Images
Nvidia’s stock was down 7% 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.
Nvidia has not commented on The New York Times report and did not respond to a request for comment from Business Insider.
On Sunday, Huang admitted to having an affair in a memo to employees and said he was cooperating with the board’s investigation. He did not name his affair partner. The New York Times had previously reported that US intelligence officials believed Alice Huang, a tech executive who had grown close to the CEO, was recruited to gather information for Beijing.
This is a developing story.
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