Jensen Huang Confirms Nvidia Board Investigation Into National Security Concerns.

Nvidia’s board could meet as early as Wednesday to decide CEO Jensen Huang’s future, a potential leadership change at the chipmaker central to the AI boom.

Five people who worked at Nvidia said Huang had an affair with Nvidia Vice President of Health Care Kimberly Powell.

In a Sunday letter to employees, Huang acknowledged being unfaithful to his wife and apologized to her and their children. Huang said the board had opened an independent inquiry into national security issues raised in news coverage. He promised to assist the inquiry and reaffirmed his commitment to Nvidia.

Nvidia shares fell 8% to $159.76 in after-hours trading following the reports, reversing a 2.9% gain during the regular session. Nvidia has become central to the AI boom under Huang, the company’s founder.