Nvidia’s board is preparing to meet on Nov 11 2026 to decide whether to dismiss CEO Jensen Huang. The move follows a New York Times report that Huang had a second extramarital relationship, this time with Kimberly Powell, Nvidia’s vice‑president of health care. The Wall Street Journal says the board could act before an independent investigation finishes.
The alleged affair was captured on video at Nvidia’s GTC conference in March, showing the two being affectionate in a San Jose hotel. Powell, who runs Nvidia’s medical‑imaging and drug‑discovery hardware and software, has been with the company since 2017. Huang previously admitted to an affair with a woman believed by U.S. intelligence to be a Chinese spy, a revelation that already hurt his reputation.
Impact on Nvidia’s stock and AI business
Shares fell more than 7% in after‑hours trading on Wednesday after the Wall Street Journal story broke. The decline adds to a week‑long slide that threatens Nvidia’s position as a key supplier for AI workloads. Analysts note that while Nvidia’s health‑care chip business is a small part of overall revenue, the scandal could raise questions about leadership stability during a critical growth period for AI infrastructure.
Company response
Nvidia has hired former U.S. attorney Joon H. Kim and the law firm Wachtell, Lipton, Rosen & Katz to run an independent probe into the allegations. Huang sent an apology to staff, saying, “I was unfaithful to my wife. My actions hurt her and our children.” Crisis‑PR firm Heller, which Huang reportedly engaged last year, has not commented.
Why it matters
If the board votes to remove Huang, Nvidia could see a leadership shake‑up at a time when its GPUs power most AI development. For investors, the vote adds uncertainty to a stock already under pressure, and for employees it may mean a period of internal restructuring.
