Bombshell new allegations in Nvidia CEO affairs surface as stocks dive

A second Nvidia employee allegedly had an affair with now-ousted CEO Jensen Huang, according to an exclusive Reuters report Thursday, as the scandal reverberated through the AI industry and the stock market.

Reuters reported that multiple affairs involving Huang have surfaced, including an alleged affair with Nvidia executive Kimberly Powell and another with a second employee, whom Reuters did not name.

Huang, who has close ties to President Donald Trump, has admitted to an extramarital affair with Alice Huang, a woman U.S. officials suspect of spying for China. He abruptly announced his resignation Thursday following the allegations.

Nvidia’s board launched an independent investigation earlier this month, Reuters reported.

Nvidia’s stock fell Thursday as the market reacted to the CEO’s exit, according to The Wall Street Journal.

It fell 12% at the open and later dropped to than 5% as of 2:30 p.m. ET, NBC News reported.