Nvidia's board of directors is holding a meeting to discuss the future of Jensen Huang, the company's founder and CEO, according to two people familiar with the matter who spoke to CNN. The meeting comes after reports surfaced of his extramarital affair with Kimberly Powell, vice president of Nvidia's healthcare division.
Earlier this week, Nvidia's board said it would investigate whether Huang was the target of a "foreign intelligence operation." The decision came after reports surfaced of his split relationship with Alice Huang; A woman who US officials believe is a Chinese spy.
Nvidia's CEO apologized Sunday for having an extramarital affair, but did not name the other party.
Nvidia's Code of Conduct details how the company's employees, business partners and executives should behave with honesty and integrity and avoid situations of conflict of interest.
Nvidia stock fell sharply in after-hours trading. This tech giant has lost more than $300 billion in market value this week alone.
According to CNN, analysts are now asking who could replace Huang; Because this company has not yet presented a clear and public succession plan for its CEO.