(KRON) -- Nvidia is reportedly preparing to oust CEO Jensen Huang amid reports of a second affair from the company founder. Earlier this week, Huang admitted to having an extramarital affair with Alice Huang (no relation), a woman U.S. intelligence accuses of being a Chinese spy.
Huang apologized publicly, stating, "I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did."
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Nvidia's stock took a big hit on the news of Huang's affair and was still significantly down Wednesday when a New York Times story broke, reporting Huang had also had an affair with Kimberly Powell, the vice president of health care at Nvidia.
Fast on the heels of the NYT story, the Wall Street Journal reported that the Nvidia board is meeting as early as Wednesday and plans to oust Huang. Nvidia shares dropped more than 7% in after-hours trading on the latest news.
