Updated: 1 – According to The Wall Street Journal, Nvidia is preparing to dismiss CEO Jensen Huang.

Full text supplemented with details

Reuters, November 11 - According to a report by The Wall Street Journal on Wednesday citing people familiar with the matter, the Nvidia NVDA.O board is preparing to dismiss CEO Jensen Huang due to his involvement in two extramarital affairs, one of which allegedly involved a woman suspected of being a Chinese spy.

The report added that the board is preparing to hold a meeting as early as Wednesday to decide his fate.

Earlier that day, The New York Times reported that Jensen Huang had an extramarital affair with a company executive who reported directly to him.

Nvidia has not immediately responded to requests for comment.

These reports come just days after Jensen Huang admitted to being unfaithful to his wife, while the Nvidia board is investigating whether he was targeted by foreign intelligence operations.

Nvidia's stock price fell by about 8% in after-hours trading.

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