NVIDIA's stock price fell on Thursday, following a meeting of the company's board of directors to decide whether to remove Jensen Huang from his position as CEO, due to reports that he had two extramarital affairs.
On Sunday, Jensen Huang admitted to having an extramarital affair. According to the Financial Times, the CEO was in a romantic relationship with Alice Huang, an executive at the cloud computing company Megaspeed; American intelligence officials believe that Alice Huang is a Chinese spy.
The New York Times reported on Wednesday that Jensen Huang also had an extramarital affair with Kimberly Powell, the vice president of NVIDIA's health business. According to the report, Powell reported to Jensen Huang on work matters.
CNBC confirms that NVIDIA's board of directors met on Wednesday to discuss whether to remove Jensen Huang from his CEO position.
As of 4:05 a.m. Eastern Time, NVIDIA's stock price fell 7.2% before the market opened.
This is breaking news. Please refresh to get the latest updates.
