Nvidia board reportedly deciding whether to oust CEO Jensen Huang as stock price plunges

The board’s decision comes after a tumultuous week for the company, which has lost about $600bn in market value since the investigation began.

Huang, who co-founded Nvidia in 1993, admitted in an email to employees on Sunday that he had an affair and would cooperate with an internal probe.

The company’s stock had already slid more than 8% in after-hours trading on Sunday after the Wall Street Journal reported that the board was preparing to fire him.

Allegations of espionage

The primary focus of the board’s investigation is a romantic relationship between Huang and a businesswoman named Alice Huang, who is accused of being a Chinese spy.

Alice Huang is the head of a Singapore-based cloud computing firm called Megaspeed and has been seen dining with Jensen Huang at restaurants in Taipei, Taiwan.