BREAKING: Nvidia CEO Jensen Huang resigns after affairs exposed

Nvidia was reportedly preparing to remove CEO Jensen Huang following the allegations of a second extramarital affair. Allegations of a second affair come as Huang remains embroiled in controversy over allegations of having an affair with a Chinese spy.

A report by The New York Times revealed that Huang allegedly had an affair with a second woman, Nvidia vice president of healthcare Kimberly Powell. The two were reportedly seen “being affectionate” at a hotel during a work conference in San Jose in March.

According to the report, a bystander captured the interaction on video. Members of Huang's security team confronted the individual and offered them a nondisclosure agreement.

The alleged relationship could violate Nvidia's code of conduct, which instructs employees to “avoid situations where our actions create conflict,” including “personal relationships.” The company states that it “promptly investigates reports of misconduct.”

The report comes as Huang faces continued scrutiny over a separate alleged relationship with a woman whom US intelligence offices have identified as a Chinese spy. Huang acknowledged the affair, prompting Nvidia's board to open an investigation. Three House committees have also requested Huang appear for a closed-door briefing on his interactions with the woman.

Nvidia is one of the most valuable tech companies in the world. Huang co-founded the company in 1993 and helped build it into the leading supplier of artificial intelligence chips. Huang is viewed by many in the industry as an irreplaceable part of the company.

Nvidia accounts for approximately 6 percent of the S&P 500, trailing just Apple as the index’s second-largest component. The company’s shares dropped more than 8 percent in after-hours trading Wednesday following reports that Huang could be removed. Nvidia stock was also down approximately 27 percent from its peak in early October when markets closed Wednesday.