Nvidia stock slides after report board is preparing to oust Jensen Huang after second affair

What happened: Nvidia stock fell 7% after hours on Wednesday following reports that the board was preparing to remove CEO Jensen Huang. The New York Times reported a second alleged extramarital affair with an Nvidia executive who reports to him. Key numbers: 7% after-hours decline; second affair allegation; five unnamed sources cited. Why it matters: The reports follow the board's statement days earlier that it was investigating whether Huang was the target of a foreign intelligence effort, after he acknowledged an extramarital affair. Coverage: 15+ outlets in 24h

Nvidia stock fell 7% after hours on Wednesday following reports that the board was preparing to remove CEO Jensen Huang. The New York Times reported a second alleged extramarital affair with an Nvidia executive who reports to him.

The reports follow the board's statement days earlier that it was investigating whether Huang was the target of a foreign intelligence effort, after he acknowledged an extramarital affair.