Nvidia’s board is reportedly preparing to oust co-founder and CEO Jensen Huang as soon as today, following an admitted affair and allegations that complicate his position at the center of the AI boom. The move, reported by The Wall Street Journal, remains unresolved, and Huang is cooperating with the board’s investigation while seeking to restore staff confidence.

The immediate stakes concern control of a company Huang built into a centerpiece of the artificial-intelligence boom. Directors must decide whether his explanation and commitment to remain can outweigh the conduct now under review. A departure would turn the founder’s tenure into a leadership-continuity decision for the company he has led since 1993.

What led to the board’s review?

Huang acknowledged earlier this week that he had been unfaithful to his wife and took “full responsibility” for actions that hurt her and their children. In a message to staff, he wrote: “I am fully committed to NVIDIA and will work to earn back your confidence.” The apology establishes his admission but does not settle whether the board wants him to continue as CEO.

The relationship behind that admission was with Alice Huang, an executive at Singapore-based Megaspeed, a major Nvidia customer. The two share a surname but are not related. U.S. officials suspect that Alice Huang passed information to China’s Ministry of State Security, although the Chinese government has denied the allegation.

That combination changes the issue from private misconduct to a conflict-of-interest and national-security question. Huang’s ties to a customer executive now sit beside a U.S. government suspicion and China’s denial. Any assessment of his continued authority must account for both the relationship and the information-transfer allegation.

Who is reviewing Huang’s conduct?

Nvidia has opened an investigation, led by the law firm Wachtell, Lipton, Rosen & Katz. Separately, the chairs of three House committees have asked Huang to participate in a closed-door briefing about his dealings with Alice Huang. The company review and congressional request give the case two distinct forums, increasing the pressure on any decision about his tenure.

Company policy provides the internal standard for part of that review. Nvidia’s code of conduct lists personal relationships among activities that may create a conflict of interest and says the company promptly investigates reports of misconduct. Those rules make the alleged relationships relevant to Huang’s role as chief executive, rather than solely a matter of personal behavior.

What is the second allegation?

The New York Times reported on Wednesday that Huang also allegedly had an affair with Kimberly Powell, Nvidia’s vice president of health care, who is married. The outlet said the pair were filmed being intimate at a hotel in San Jose, California, during an Nvidia conference in March. Inc. has not viewed the footage.

Powell joined Nvidia in 2008 and oversees programs applying the company’s chip technology to health care. Her remit includes medical imaging devices and higher education, making her a senior executive and direct report within the organization. A second alleged affair therefore extends the conflict-of-interest issue beyond Huang’s dealings with an outside customer.

What changes for Nvidia’s stakeholders?

Whether Huang keeps his job remains unclear. He is seeking to regain employees’ confidence while cooperating with the investigation, but the board is weighing an outright removal as soon as today. For employees and investors, the decisive point is whether his credibility can survive the combination of personal admissions, allegations and government scrutiny.

The strategic logic of the review is broader than one relationship. Nvidia must weigh the founder’s acknowledgment of misconduct against the unresolved allegation involving a customer executive, the separate claim involving a senior direct report and the company’s own code. A decision either way would clarify how the board intends to manage conflicts involving its most senior leader.

Huang’s public pledge protects his claim of continuity, but it cannot decide the board’s mandate. If he remains, his leadership will carry the scrutiny described above; if he leaves, Nvidia must address the governance and succession questions created by removing its founder. Until then, the investigation has more certainty than his tenure.