Holy crap! Huang's wife has indeed forced him to reveal even more explosive information! The stock price reacted immediately, plummeting! Huang's troubles are piling up, and this is far from over. On November 12th, The New York Times dropped another bombshell: Huang has another extramarital affair with Kimberly Powell, the 48-year-old VP of Healthcare at Nvidia, who reports directly to him. The details are extremely damaging: First, a direct subordinate. According to Nvidia's own code of conduct, employees are required to "avoid conflicts of interest arising from personal relationships," and many companies explicitly prohibit managers from developing close relationships with subordinates. Huang is not only the CEO but also her direct superior. This crosses a red line in corporate governance. Second, the timing is extremely sensitive. In March of this year, during an Nvidia conference in San Jose, California, the two were photographed behaving intimately in a hotel. That time coincided with Nvidia's stock price being high and Jensen Huang lobbying the White House for chip exports—a "high point" for the company. Third, both men have spouses. This is no longer a simple matter of "CEO's private conduct." It involves power imbalances within the company, conflicts of interest, and Huang's integrity before the board. The market reaction was extremely honest: Immediately after the news broke, Nvidia's stock fell over 3.6% in after-hours trading. Combined with the daytime drop from 178 to 162, over $420 billion in market capitalization has evaporated in two days. Yesterday we were saying that the market was gradually removing "Huang's risk" from the valuation. Today's revelation of a "second extramarital affair" tells the market: the risks haven't been cleared, and more bombs are exploding. The most embarrassed party now is the board. On November 8th, they said they had "full confidence in Huang," and four days later, the second bomb exploded. The headhunting reports targeting Lisa Su and Haas now appear to be more of a contingency plan than a backup plan. The earnings report is on November 17th, and the congressional testimony is on November 18th. Before that, nobody knows what the next bombshell will drop.