Nvidia shares plunge 10% as Jensen Huang faces possible ouster over alleged second affair with Kimberly Powell

Nvidia shares plunge 10% as Jensen Huang faces possible ouster over alleged second affair with Kimberly Powell

Nvidia shares fell 10% in after-hours trading amid reports that its board is preparing to replace chief executive Jensen Huang following allegations of a second extramarital affair, this time with Kimberly Powell, the company’s vice president of healthcare.

The New York Times reported the alleged relationship with Powell, citing five people who worked at Nvidia. Powell reports directly to Huang.

Bloomberg reported that Nvidia’s board is working with an outside firm to find a successor and is considering appointing an interim chief executive during the search.

The allegations involving Powell emerged days after reports of a separate affair involving a business executive whom U.S. officials reportedly suspect of working for Chinese intelligence.