The sky is falling. Jensen Huang has been exposed to have a new extramarital affair with a senior executive, NVIDIA's stock price plunged by 8%, and the board of directors has initiated the removal procedure.

News on November 12: NVIDIA's stock price has collapsed once again, plummeting 8% in after-hours trading.

According to a report by The New York Times, Jensen Huang, CEO of NVIDIA (NVDA), may have had a second extramarital affair with Kimberly Powell, a company executive who reports directly to him.

Citing two internal sources at NVIDIA, the news outlet said that during a NVIDIA conference held at a hotel in San Jose, California this March, a video was captured showing the NVIDIA CEO and Powell behaving intimately.

The New York Times added that they have not yet viewed this video.

Both Huang and Powell are married.

On NVIDIA's corporate website, Powell is listed as the company's Vice President of Healthcare Business. Based at NVIDIA's headquarters in Santa Clara, California, Powell is responsible for its healthcare business, "including hardware and software platforms that power accelerated computing, artificial intelligence and visualization, which support the medical imaging, life sciences, drug R&D and healthcare analytics ecosystems."

Prior to this, Powell led NVIDIA's higher education and research business. She joined the company in 2008 and helped NVIDIA build GPUs for medical imaging instruments.

According to Powell's LinkedIn profile, before joining NVIDIA, she worked at Planar Systems.

After the news broke, NVIDIA's stock price fell by more than 8% in after-hours trading. During Wednesday's regular trading session, the stock price rose by 5%.

Jensen Huang admitted to an extramarital affair on Sunday, and he reportedly had an affair with Alice Huang, an executive at data center company Megaspeed who is not related to him.

NVIDIA's board of directors has launched an investigation to determine whether the 63-year-old Jensen Huang has been targeted by foreign intelligence agencies.

Members of the U.S. Congress are calling for the immediate resignation of NVIDIA CEO Jensen Huang, and calls to subpoena the executive whose company is a leader in the field of advanced artificial intelligence chips are growing louder.

Kevin Cramer, a member of the U.S. Senate Banking Committee and a registered nurse, renewed his call for Huang's resignation on Wednesday, joined by a key Democratic member of the House Oversight Committee and a Republican House lawmaker.

The lawmakers' criticism, concern and shock over this incident are far from isolated cases. As the Democrats are set to take control of both houses of Congress next January, the intensity of scrutiny is only expected to further increase.

"Jensen Huang should resign from NVIDIA," Suhas Subramanyam, a Democratic U.S. Representative from Virginia and member of the House Oversight Committee, told CNBC. Subramanyam is the lead Democratic member of the committee's Subcommittee on Military and Foreign Affairs.

The Wall Street Journal has just broken the news that after two extramarital affairs of NVIDIA CEO Jensen Huang were exposed, NVIDIA's board of directors is preparing to remove Jensen Huang from his position.

People familiar with the matter revealed that the board of directors is prepared to hold a meeting as early as the 11th to decide on his future at the company.

Is NVIDIA's stock price really about to plummet sharply?

This article is from the WeChat Official Account , the author is Bianews, and 36Kr publishes it with authorization.