Nvidia’s board is considering removing CEO Jensen Huang from his position after reports emerged of his second extramarital affair, this time with a direct report. The company’s shares fell another 8% in after-hours trading, hitting their lowest level in more than a year.
Nvidia’s board is considering removing CEO Jensen Huang from his position after reports emerged of his second extramarital affair, this time with a direct report. The company’s shares fell another 8% in after-hours trading, hitting their lowest level in more than a year.
According to a number of Western media outlets, Huang, 63, had a romantic relationship with Kimberly Powell, 48, Nvidia’s vice president of healthcare who reports directly to him. She is also married.
They were allegedly seen "indulging" in a hotel room during the annual developer conference in San Jose in March 2026. An eyewitness captured the moment on video, after which Huang’s security allegedly asked him to sign a non-disclosure agreement.
Nvidia’s board of directors met in an emergency meeting on November 11 to decide the future of the company’s CEO. While Nvidia’s code of conduct does not explicitly prohibit office romances, it does require executives to avoid conflicts of interest and "be a role model."
“You can’t have that kind of relationship with a subordinate who reports directly to you. Will they fire the CEO? In this situation, that’s probably the only right move,” Peter Jaworski, a professor of business ethics at Georgetown University, told Axios.
At the same time, analysts point to the risks of Huang’s possible resignation, as the company has no clear succession plan. "I think the question is whether there is someone who can replace Jensen if he is forced to resign or removed from his position," said Bruce Zaro, director of Granite Wealth.
Since the first publications about the scandal surrounding Huang’s personal life appeared in late October, Nvidia’s market capitalization has decreased by more than $1 trillion (of which the company lost about $600 billion in the last three days).
As a reminder, the first stage of the scandal began on October 29, when the media reported on Huang’s close relationship with the head of Megaspeed, Alice Huang (she is not his relative), whom American intelligence agencies suspect of working for Chinese intelligence. On November 8, Nvidia’s CEO admitted to the extramarital affair in a corporate letter, after which the company hired the law firm Wachtell, Lipton, Rosen & Katz to conduct an independent investigation .
US President Donald Trump has exonerated Jensen Huang, but noted that the FBI is investigating the espionage allegations. In China, they have been called baseless slander.
