Nvidia’s board is meeting on Wednesday, 11 November 2026, to decide whether to remove chief executive Jensen Huang, after reports of a second extramarital affair involving the longtime leader, Reuters reported, citing a source familiar with the matter. The Wall Street Journal first reported that the board was preparing to oust Huang.
Earlier on Wednesday, The New York Times reported that Huang had an extramarital affair with Kimberly Powell, Nvidia’s vice-president of healthcare, who reported directly to him, citing five people who worked at the company. When the Times reached Huang by phone on 11 November and asked about the relationship, he replied, “I don’t think you should be talking to me directly,” and hung up, the newspaper reported.
The reports mark a sharp escalation in a controversy that began with revelations about Huang’s relationship with Alice Huang, a woman US intelligence has said was involved in facilitating shipments of Nvidia chips to Chinese companies. On Sunday, 8 November, Huang sent a memo to staff acknowledging he had been unfaithful to his wife and taking “full responsibility”, and the board launched an investigation into whether he had been targeted by a foreign intelligence operation. At the time, the board expressed confidence in Huang and his leadership team.
Nvidia’s shares slid about 8 percent in after-hours trading after the Wall Street Journal report. Including that fall, Nvidia has lost about $600 billion in market value this week since the board announced its investigation. Nasdaq futures fell 1 percent, while shares of rival chipmakers AMD and Broadcom rose 4 percent and 3 percent respectively in after-hours trading.
Huang, 63, co-founded Nvidia in 1993 and has led the company for more than three decades, building it into the world’s dominant supplier of AI chips, worth roughly $4 trillion. He has no obvious successor and owns about 3.6 percent of Nvidia’s stock. Gil Luria, head of technology research at D.A. Davidson, said removing Huang immediately could be challenging for Nvidia since it does not have a succession plan in place, adding: “If Mr Huang broke the law or violated company policies, the board is likely to act as soon as they have proof.”
US President Donald Trump has said he had not discussed the allegations with Huang but voiced support for the Nvidia chief, calling him “an honourable guy”. Huang also faces a possible congressional subpoena if he does not respond to a request to give a closed-door briefing about the allegations. Nvidia did not immediately respond to requests for comment, and Reuters said it could not immediately verify the reports. Nvidia’s quarterly results are due on 17 November.
Source: Reuters via The Straits Times — https://www.straitstimes.com/world/nvidia-is-preparing-to-oust-ceo-jensen-huang-wsj-reports?ref=top-stories
