Nvidia's board is weighing a temporary CEO and has started searching for a potential replacement following the controversy around Jensen Huang, but it has not yet decided whether to remove him.

Nvidia's board has hired an outside firm to evaluate potential replacements for CEO Jensen Huang. The company founder's future has been thrown into doubt following the revelation of two extramarital affairs: one with a direct report and another with an alleged Chinese spy.

Bloomberg reports that the company has begun looking at possible replacements for the gregarious CEO and is considering external executives. The board is also in talks to name a temporary chief while it searches for a permanent one. The Wall Street Journal reports that the board has already begun preparing to oust the founder, but no final decision has been made, and Huang could remain at the company.

Shares in Nvidia have fallen with each new scandal and dropped again overnight. Financial firms Baird and Bernstein Research have both downgraded their outlook for the stock, and Morgan Stanley has removed it from its Top Pick list.