NVIDIA shares fell 10% following reports of the board's plans to fire CEO Jensen Huang.
Shares of the chip maker fell 10.1% after trading on the Nasdaq stock exchange and reached a low of $156.19.
The fall began after a publication in the "New York Times", in which it was claimed that the company's founder and CEO Jensen Huang had an affair with one of his subordinates, NVIDIA Vice President Kimberly Powell, writes Bloomberg.
The situation worsened when the Wall Street Journal, citing sources familiar with the situation, reported that NVIDIA's board was preparing to fire Jensen Huang.
Read more Nvidia shares fell 10% on fears of a change at the top of the company.