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Nvidia board weighs ousting CEO Jensen Huang over dual affairs
Published : Thursday, 12 November, 2026 at 10:58 AM
Observer Online Report
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Nvidia’s board of directors is preparing to remove Chief Executive Officer Jensen Huang following allegations of extramarital affairs with two women, including one suspected by US intelligence of being a Chinese spy.
Following the reports, Nvidia shares fell nearly 8 per cent in after-hours trading on Wednesday (November 11), wiping roughly $600 billion off the company's market value since the board announced an investigation earlier in the week.
Market analysts warn that an immediate removal could plunge Nvidia into a major leadership crisis, as the company has no formal succession plan in place. Gil Luria, head of technology research at DA Davidson, noted that firing Huang right away would be difficult, though the board could act swiftly if evidence proves he broke the law or violated company policy.
According to a New York Times report on Wednesday, Huang was involved in an extramarital relationship with a subordinate, Kimberly Powell, Nvidia’s vice president of healthcare. Citing five current and former employees, the report said Huang hung up when reached by phone on Wednesday after stating, "I don't think you need to speak to me directly about this." Neither Nvidia nor Powell immediately commented on the matter.
The controversy first erupted after reports revealed Huang’s relationship with a Chinese businesswoman named Alice Huang, whom US intelligence agencies suspect helped arrange the supply of Nvidia chips to Chinese firms. In a message to employees on Sunday, Huang admitted to being unfaithful to his wife and took full responsibility, though he offered no details.
The Wall Street Journal reported on Wednesday, November 11, citing people familiar with the matter, that Nvidia’s board could hold an emergency meeting the same day to decide Huang’s future. Reuters has not independently verified the allegations.
Huang’s departure would leave a massive void at the company he built over nearly three decades into a $4 trillion tech giant central to the global artificial intelligence boom and US-China tech competition. Independent directors, assisted by outside lawyers, are investigating whether Huang was targeted by a foreign intelligence operation, even though the board initially expressed confidence in him when launching the probe.
The allegations have also drawn scrutiny in the US Congress, where lawmakers have requested that Huang testify in a closed-door session regarding his ties to the Chinese businesswoman and alleged information sharing with Beijing, warning of a possible subpoena if he declines. Meanwhile, US President Donald Trump said he had not discussed the allegations with Huang, but voiced support for the Nvidia chief, calling him an "honourable man" who has done tremendous work for the United States.
-EM
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Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000.
Phone: PABX- 41053001-06; Advertisement: 41053012; 01793317829, 01550707291, 01550707296
E-mail: [email protected], [email protected]. [email protected], [email protected], [email protected], [email protected], Online-email: [email protected]
