Nvidia Board Weighs Future of CEO Jensen Huang Following Reports of Multiple Affairs

Nvidia's board of directors is holding meetings to discuss the future and potential removal of chief executive Jensen Huang following reports of a second extramarital affair involving a company executive. The developments follow Huang's recent admission of a relationship with a businesswoman suspected of links to Chinese intelligence, triggering government scrutiny and a sharp drop in company shares.

• Nvidia's board prepared to meet to evaluate chief executive Jensen Huang's position, with potential dismissal among the options under consideration.· 3 sources
• Reports revealed that Huang engaged in an extramarital relationship with Kimberly Powell, Nvidia's vice president of healthcare, who reports directly to him.· 3 sources
• The revelations follow Huang's earlier admission to employees regarding an affair with Alice Huang, a former executive at Singapore-based data center supplier Megaspeed suspected by U.S. intelligence of ties to China's Ministry of State Security.· 3 sources
• Nvidia's board retained outside legal counsel and a former federal prosecutor to investigate whether any corporate secrets or intellectual property were compromised.· 2 sources
• Company shares dropped between 8 and 9 percent in late and after-hours trading following reports of the second relationship and board discussions.· 3 sources