Nvidia Chief Executive Officer Jensen Huang has acknowledged his relationship with a Chinese businesswoman. The relationship between Jensen Huang and Alice Huang was initially revealed in a New York Times report published on October 29.

Decline in Nvidia shares

Following this revelation, a significant decline was recorded in Nvidia's shares. Over the past month, the company's shares dropped by more than 22 percent, with the value of each share falling by 56.91 dollars.

On November 9, Nvidia's share price fell to the level of 172.37 dollars. Despite these developments, Jensen Huang continues to hold his position as Nvidia's CEO.

Board forms independent committee

Considering the seriousness of the matter, Nvidia's board has taken a major step. The board has formed a committee of independent lawyers to investigate the entire episode.