Nvidia stock falls 7% after report board is preparing to oust Jensen Huang after second affair

Nvidia stock falls 7% after report board is preparing to oust Jensen Huang after second affair Jensen Huang, chief executive of Nvidia. Joel Saget / AFP via Getty Images Nvidia's stock was down 7% after hours on Wednesday after new reports dropped concerning CEO Jensen Huang.The Wall Street Journal reported the Nvidia board was preparing to remove Huang. Days earlier, the board said it was investigating whether Huang was the target of a foreign intelligence effort after the CEO acknowledged having an extramarital affair.The New York Times also reported new allegations on Wednesday, saying Huang had a second extramarital affair with an executive at Nvidia who reports to him, citing five unnamed sources who worked at the company.Nvidia declined to provide a statement to The New York Times. The company did not respond to a request for comment from Business Insider.On Sunday, Huang admitted to having an affair in a memo to employees and said he was cooperating with the board's investigation. He did not name his affair partner. The New York Times had previously reported that US intelligence officials believed Alice Huang, a tech executive who had grown close to the CEO, was recruited to gather information for Beijing.This is a developing story. Read next Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Kelsey Vlamis is a senior reporter for Business Insider, where she covers business and tech news. She also writes business stories about travel, luxury, and culture. Previously, she covered the environment, outdoors, and indigenous issues.Her feature story "Disaster at 18,200 feet" received awards from the New York Press Club and the North American Travel Journalists Association, as well as honorable mention from the Society of American Travel Writers. She has also received an American Journalism Online Award for her coverage on missing and murdered Indigenous people in Wyoming.She's appeared on CBS, NPR, NBC, and other outlets to discuss her reporting. She previously worked on the world news desk at the BBC in London and received a master's in journalism from Northwestern University.She can be reached by email at kvlamis@businessinsider.com or via the encrypted-messaging app Signal at kelseyv.21. Breaking