NVIDIA's stock took a more than 3% hit in after-hours trading on Wednesday following reports that CEO Jensen Huang had an affair with Kimberly Powell, who leads NVIDIA's healthcare division.
The news has rattled investors and sparked questions about the company's leadership at a time when all eyes are on NVIDIA.
NVIDIA board opens independent probe
Powell oversees NVIDIA's global healthcare and AI efforts, making her a key player.
In response to the allegations, NVIDIA's board launched an independent investigation with outside legal help.
Huang has apologized to employees and acknowledged the impact on his family.
These new claims also add to past scrutiny over Huang's alleged ties with Alice Huang, previously linked by US intelligence to espionage concerns, putting even more pressure on NVIDIA's leadership team.