Nvidia preparing to oust CEO amid reports of a second affair

Nvidia is reportedly preparing to oust its CEO - after US media outlets claimed that Jensen Huang has had a second extramarital affair.

According to The Wall Street Journal and The New York Times, Mr Huang had a relationship with an executive who reports to him.

It comes after the entrepreneur admitted to having an affair with a woman alleged to have been a Chinese spy.

In extended trading after Wednesday's close, Nvidia stock had fallen by more than 8% - taking its share price to $160 (£120).

That's the lowest level in more than a year - and continues a brutal three-day rout that has wiped about $600bn (£451bn) from the value of the company.

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The AI chip mystery

A board meeting is reportedly taking place today to determine Mr Huang's future - and any departure would leave a leadership vacuum at the top of one of America's most important enterprises.

Earlier this week, Nvidia launched an investigation into claims its CEO was "the target of a foreign intelligence effort" - and Donald Trump has said the FBI is looking into the allegations.

Many companies have policies against managers having relationships with their subordinates.

Nvidia's own code of conduct tells employees to "avoid situations where our actions create conflict" - including personal relationships.

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Who is alleged China spy in Nvidia scandal?

Described by some as "the godfather of AI", Mr Huang has played an instrumental role in transforming the chipmaking giant into one of the world's second-most valuable company.

However, his removal could prove challenging as Nvidia does not have a succession plan in place.

Granite Wealth management director Bruce Zaro said Mr Huang "was the one who led the marvellous rise of Nvidia".

He added: "I guess the question would be, can someone step up ‌if Jensen has to resign or is forced out?"