Nvidia's board is reportedly preparing to remove Jensen Huang after a report of a second affair

Nvidia's board of directors is preparing to remove co-founder and CEO Jensen Huang, the Wall Street Journal reported on Wednesday. The paper said the board could meet as soon as that day, and CNBC reported that the board's meeting on Huang's future ran into the evening. If the board removes him, it would end Huang's 33 years as CEO. Earlier on Wednesday, the New York Times cited five Nvidia employees who said Huang, 63, had an extramarital relationship with Kimberly Powell, the company's vice president of health care, who reports directly to him. The sources said the two were filmed being affectionate at a San Jose hotel during a conference earlier this year. Nvidia, Huang and Powell have not confirmed the report. On Sunday, Huang admitted an affair with Megaspeed executive Alice Huang, whom US intelligence officials consider a Chinese spy. TechCrunch reports that Nvidia shares fell about 8% in after-hours trading on Wednesday and are down about 11% over five days. Bloomberg reports that Nvidia is working with an outside firm to find possible successors, though the company has no obvious successor or succession plan. Two House Republicans said Congress is preparing to subpoena Huang over the spy allegations if he does not agree to a closed-door briefing. The outcome affects the company whose chips power much of the AI industry.