Shares of Nvidia fell more than 9% in after-hours trading on Wednesday after The Wall Street Journal reported that the company's board is preparing to oust CEO Jensen Huang.
The news landed minutes after The New York Times reported that Huang had an extramarital relationship with another executive at the company. Nvidia's board is preparing to meet as soon as Wednesday to determine Huang's future at the company, according to the Journal.
The alleged relationship was with Kimberly Powell, vice president of health care at Nvidia, according to the Times' report. Powell's bio on the Nvidia website says she's "responsible for the company's worldwide healthcare business, including hardware and software platforms for accelerated computing, AI, and visualization that power the ecosystem of medical imaging, life sciences, drug discovery, and healthcare analytics."
Huang and Powell were reportedly captured on camera being affectionate with one another at a hotel in San Jose, California in March, according to the Times.
Nvidia and Powell did not immediately respond to CNBC's request for comment. Heller, the crisis PR firm Huang reportedly hired as early as last year, did not immediately respond to CNBC's request for comment.