Nvidia Corp.’s board of directors is reportedly preparing to oust its founder and Chief Executive Jensen Huang after reports emerged that he had a second extramarital relationship with an executive at the company, just days after he admitted to an affair with a suspected Chinese spy.

Earlier today, the New York Times said Huang (pictured) was suspected by five people at the company of having an affair with Nvidia Healthcare Vice President Kimberly Powell. Hours later, the Wall Street Journal said Nvidia’s board is preparing to meet on Thursday to discuss Huang’s future at the company, and that all options are on the table, including his possible dismissal.

The Times said Huang and Powell were reportedly captured on camera together being affectionate with one another at a hotel in San Jose, California, in March.

The latest reports come just days after Huang admitted in an email to company employees that he had an extramarital affair with a Chinese woman called Alice Huang, who was formerly the CEO of the Singaporean data center supplier Megaspeed. Alice Huang, of no relation to Nvidia’s CEO, is suspected of working for China’s Ministry of State Security, but it’s not clear if she has passed on any of the company’s secrets.

In response to that report, Nvidia’s board hired the law firm Wachtell, Lipton, Rosen & Katz to lead an investigation into the affair and try to determine what secrets, if any, were leaked.

Huang reportedly first became involved with the Chinese woman last year, but rumors of an affair between him and Powell have circulated for years. One reason for that is that Powell does not have any background in health or science, despite her high-level role at Nvidia’s Healthcare business.

On Nvidia’s website, Powell’s bio explains that she’s responsible for the company’s 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.”

The Healthcare business is much smaller than Nvidia’s main data center unit, which accounts for the lion’s share of its multibillion-dollar revenue. It makes chips for medical devices such as MRI machines. The company does not break out sales figures for the unit, instead reporting its revenue within the broader data center business.

Powell appeared at Nvidia’s annual GTC conference in San Jose in March, where she delivered a keynote talking about how the company’s AI technology can help to accelerate drug discovery and enhance clinical efficiency. She has been running the business since 2017.

If Nvidia were to oust Huang, the company that sits at the heart of the artificial intelligence revolution would face an uncertain future. Nvidia is the second most valuable company in the world, controlling around 90% of the global market for computer chips used in AI, becoming a major driving force behind the global economy.

Its brand has become synonymous with Huang, who is involved in all aspects of its business and has appointed family members to key roles in its executive team. Huang is also Nvidia’s largest individual shareholder, holding a 3.56% stake in the company. Should he be ousted, there is no clear successor.

Nvidia’s rise amid the AI boom has made Huang one of the wealthiest and most influential people in the world. He has become a close ally of U.S. President Donald Trump, who was previously told about Huang’s relationship with the suspected Chinese spy but decided to take no action. Trump has come out in defense of Huang, saying that he’s an “honorable man” and that he did not know of the woman’s connections to Chinese intelligence.

Nvidia’s stock fell more than 9% in late trading on Wednesday and is likely to extend its downward trend for a sixth straight week.

Photo: Nvidia/livestream