Nvidia is set to decide on Jensen Huang’s dismissal / Information has emerged about a second extramarital relationship that the CEO allegedly had (The Wall Street Journal)

Nvidia’s board of directors is meeting to assess the future of CEO Jensen Huang amid allegations concerning two extramarital affairs, one with a company employee and the other with a woman suspected by U.S. intelligence agencies of working for China’s Ministry of State Security. The information was reported by The Wall Street Journal and CNN.

According to Bloomberg, cited by Reuters, Nvidia’s board may have turned to an external firm to identify possible replacements for Huang. In parallel, the company has launched an independent investigation and hired the law firm Wachtell, Lipton, Rosen & Katz to examine the allegations concerning the alleged ties to China.

The new information emerged after The New York Times reported that Huang may have had a relationship with Kimberly Powell, vice president of Nvidia’s healthcare division. The publication claims that the two were allegedly seen in affectionate poses at a hotel in San Jose in March. Nvidia and Powell did not comment on the information.

Huang separately admitted that he had cheated on his wife and apologized to employees and his family. Nvidia shares fell by more than 9% in after-hours trading amid the scandal and investors’ concerns about the pace and sustainability of investments in artificial intelligence infrastructure.