Nvidia stock falls 7% as investors await Jensen Huang’s fate

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Nvidia shares fell on Thursday as the company's board met to decide whether to ax Jensen Huang as CEO following reports that he had had two extramarital affairs.

On Sunday, Huang admitted to having an affair. The CEO was romantically involved with Alice Huang, an executive at cloud company Megaspeed, according to The Financial Times, who U.S. intelligence officials believe is a spy for China.

The New York Times on Wednesday reported that Huang had another extramarital relationship with Kimberly Powell, vice president of health care at Nvidia. Powell reports to Huang, according to the Times.

CNBC confirmed that the Nvidia board met on Wednesday to discuss whether to oust Huang as CEO.

Shares of Nvidia were down 7.2% in premarket trading as of 4:05 a.m. ET.

Nvidia shares over the past five days.

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