Nvidia is preparing to dismiss Jensen Huang after discovering a new infidelity with a vice president of the company

The board of directors of Nvidia is now finalizing the dismissal of its CEO and founder, Jensen Huang, after learning of a new infidelity this Wednesday. If the first extramarital relationship, confirmed by himself in a letter to employees, was with an alleged Chinese spy, the one reported by The New York Times today points to Kimberly Powell, vice president of the same company and therefore one of his subordinates.

According to company sources, cited by The Wall Street Journal and The New York Times, the board plans to meet soon to make a decision on its future. Until now, the main analysis was that Huang is too important a figure, too big to fail. He founded the company, he turned it towards Artificial Intelligence that has made it the most valuable on the planet, he has made many managers rich, he has all the contacts (especially with President Donald Trump) and there is no natural successor prepared to take over immediately. But the chain of scandals is too great to try to turn the page with an apology and a slap on the wrist, especially when the stock market price has plummeted and exposure to China has surfaced.

Huang has become a global celebrity. Not only at the business level, but also at the media level. He has created an iconic look with his leather jackets, in the style of Steve Jobs. He is an idol in his native Taiwan, he signs autographs at conventions around the world, his talks sell out the fastest and his podcast interviews have millions of downloads. He's the only person who figures like Elon Musk or Oracle's David Ellison are begging to take their money and give them more chips. With more than 3.5% of the shares, he is the main holder, and his children are placed in important positions.

In addition, he has so much influence over the Trump administration that he and his team have managed to circumvent prohibitions and even stop investigations by the Department of Commerce. Right now, Nvidia controls around 90% of the market for chips used in large artificial intelligence projects, which are right now what is driving the US economy and sustaining market increases.

Months ago, the American press began talking about his relationship with Alice Huang, a senior executive at Megaspeed, a Singapore-based data company that is one of Nvidia's most important clients. But it did not have much impact, until information was recently published that according to US intelligence agencies, the woman works for the Chinese intelligence services spying on the businessman.

This has indeed caused an earthquake and has given encouragement to the bears who have been warning for some time of the danger due to the company's exposure to Beijing. Huang acknowledged in a letter to his employees in the past that he had been unfaithful to his wife, in the style of Bill Gates at Microsoft, Brian Krzanich at Intel or Steve Easterbrook (all disgraced or dismissed), and apologized, which did not prevent a huge crash on the stock market. In the last two sessions alone it has lost about $430 billion in capitalization. In total, shares have fallen about 9.5% since the scandal broke, destroying nearly $2 trillion in value.

Now, the New York Times has uncovered a second extramarital relationship with Kimberly Powell, Nvidia's vice president of healthcare, which not only breaks company rules but further exposes questions about her leadership. President Trump said Tuesday that Huang, whom he calls a friend and spoke with by phone shortly after the letter acknowledging the infidelity was made public, was "an honorable man."

The two were videotaped "being affectionate at a hotel in San Jose, California, during an Nvidia conference in March," according to two people who worked at the company. There is a video of this and according to the newspaper "Mr. Huang's bodyguards saw the witness with the phone and detained him. Later, they asked him to sign a confidentiality agreement."

Last week, Nvidia's board of directors opened an official investigation, entrusting it to the law firm Wachtell, Lipton, Rosen & Katz. Likewise, the Republican leaders of three influential House committees have also asked Huang to appear behind closed doors to explain his relationship with Alice Huang, the alleged Chinese spy, and the company's exposure.