Nvidia board weighs ousting Jensen Huang after second affair revealed

Nvidia's board is deliberating on the possibility of removing CEO Jensen Huang following the revelation of a second extramarital affair. This news has caused a significant drop in the company's shares, with Nvidia's value plunging by approximately $600 billion in market cap over the course of the week. The board is evaluating Huang's future after reports emerged regarding his relationship with a female Nvidia executive who also worked under him.

This latest allegation follows Huang's admission to being unfaithful to his wife amid an ongoing investigation into his relationship with Alice Huang, who is suspected of working for China by US intelligence officials. Nvidia's shares dropped by about eight percent following the Wall Street Journal's report that the company was preparing to replace its CEO.

Despite Huang acknowledging his infidelity and accepting full responsibility for the relationship, no details about the affair have been disclosed. The controversy has drawn attention to Nvidia's dealings with China and the potential national security risks associated with Huang's personal relationships. Both Democratic and Republican lawmakers have called for investigations into Nvidia's export controls and Huang's interactions with the Chinese intelligence operative.

The crisis has also sparked discussions about Nvidia's succession plans, as the company's founder owns around 3.6 percent of the business and no clear replacement is in place.