The board of Nvidia is preparing leadership changes amid reports of personal misconduct, according to the Wall Street Journal.

Board actions under consideration

Members of the board have reportedly engaged an external search firm to identify potential successors and interim executives for the CEO role.

The company is said to be weighing options that include appointing a temporary CEO while a permanent candidate is selected through the search process.

Allegations prompting the review

Reports cite two alleged extramarital relationships involving Jensen Huang, including one with Alice Huang, who is under scrutiny by US authorities.

The second reported relationship is said to involve a subordinate, identified as Nvidia vice president Kimberly Powell, according to the same reporting.

Market reaction

Following the reports, Nvidia shares experienced an intraday drop; at one point the stock fell by 10 % after the close of the regular session.

Market activity reflected investor concern while public statements from Nvidia or its board regarding the matter have not been detailed in the reports.

What remains unclear

Details about the internal investigation, any formal personnel decisions, and the timeline for a potential leadership transition remain unspecified in the available reporting.

The Wall Street Journal is cited as the source for the boards actions and the identities tied to the reported relationships, and the situation may evolve as more information becomes available.