Shares of chip giant Nvidia dropped after reports that its board of directors is meeting to weigh the future of chief executive Jensen Huang.
The stock lost 8.6 percent in after-hours trading on Wednesday, as doubts grew over Huang’s leadership of the company, which is valued at $4.2 trillion.
The sell-off followed reports from several major newspapers that the board would discuss Huang’s position. Those reports cited revelations that he had an extramarital relationship with an Nvidia employee, along with an affair with a woman accused of working with Chinese intelligence services.
Nvidia had not immediately responded to requests for comment.
