The Wall Street Journal reported that NVIDIA is reportedly planning to remove its co-founder and CEO, Jensen Huang, who has led the company for the past 33 years. People familiar with the matter told the newspaper that NVIDIA's board of directors could meet as early as Wednesday to decide Jensen Huang's future at the company.

On Sunday, Jensen Huang admitted to having an extramarital affair with a woman; American intelligence agencies claimed that this woman was a Chinese spy. On Wednesday evening, The New York Times reported that Jensen Huang also had an extramarital affair with a senior executive who reported to him.

NVIDIA, with its chips that have driven the artificial intelligence boom through design, has become one of the most valuable companies in the world. However, amidst the ongoing scandal involving Jensen Huang, NVIDIA's stock price fell by about 8% in after-hours trading on Wednesday. Over the past five days, the stock has declined by approximately 11%. Jensen Huang has stated that his well-known management style is to delegate very little power and claimed to have around 60 direct subordinates. The company also lacks a clear successor or succession plan.