Nvidia shares fell nearly 4% in after-hours trading after reports emerged of an alleged second extramarital relationship involving chief executive Jensen Huang — this time with an Nvidia executive who reportedly reports directly to him. The allegations were attributed to five people who previously worked at the semiconductor company and spoke to The New York Times.

According to information shared by Coin Bureau, two of the five former Nvidia employees said Huang and the executive were filmed together at a hotel in San Jose during the company's March conference. The report also alleges that Huang's security team offered the person who recorded the footage a nondisclosure agreement.

The claims add another layer of scrutiny around Nvidia's leadership at a time when the company's board is already investigating a separate alleged relationship involving Huang and a woman whom U.S. intelligence officials reportedly identify as a Chinese spy. Huang co-founded Nvidia in 1993 and has served as its chief executive throughout the company's growth into one of the world's most valuable chipmakers, and because he has led the company since its founding, questions about his conduct intersect directly with questions about Nvidia's leadership continuity.

Former Nvidia Employees Describe Alleged Hotel Encounter

The New York Times report, as summarized by Coin Bureau, cited five people who worked at Nvidia and provided information about the alleged extramarital relationship. Two of those individuals reportedly said Huang and an Nvidia executive who reports to him were recorded together at a San Jose hotel during the company's March conference, placing the alleged encounter at an event connected to Nvidia's business activities.

The report further claims that Huang's security personnel offered the individual who filmed the pair a nondisclosure agreement. Such an agreement would potentially restrict the disclosure of information covered by its terms, although the available account does not specify whether an agreement was signed or whether the person accepted the offer.

The allegations concern a reported relationship between Huang and someone within Nvidia's executive structure. However, the information presented by Coin Bureau does not establish the full circumstances surrounding the alleged encounter, nor does it provide independent confirmation of the claims.

Allegations Emerge Amid Existing Board Investigation

The latest report comes as Nvidia's board is already investigating a separate alleged affair involving Huang and a woman whom U.S. intelligence reportedly says is a Chinese spy. According to the information shared by Coin Bureau, the two allegations involve different individuals: the newly reported relationship concerns an Nvidia executive who reports directly to Huang, while the earlier matter involves a woman identified through claims attributed to U.S. intelligence.

The existence of the reported board investigation adds a corporate governance dimension to the allegations, particularly because the latest account involves a person within Nvidia's organizational hierarchy. The available information does not establish whether the board's existing investigation has reached any conclusions, or whether the newly reported allegations have triggered a separate formal investigation. Elements that could clarify the picture include any public response from Nvidia or Huang, and any confirmation of the scope of the board's inquiry.

Nvidia Shares Lose Wednesday's Gains

Investors reacted to the reports in after-hours trading. Nvidia shares declined nearly 4%, erasing all of Wednesday's gains, according to figures cited by Coin Bureau.

After-hours trading takes place outside regular market sessions and generally at lighter volumes, and price moves recorded in that window can change once regular trading resumes. The reported decline came as the allegations involving the company's chief executive drew attention. The available information does not establish whether the stock movement was caused exclusively by the allegations or whether other market factors also contributed to the decline.

The latest claims place Huang's leadership and Nvidia's internal corporate environment under additional scrutiny, while the board's reported investigation into the separate alleged relationship remains an important part of the developing story.