# Nvidia board set to vote on removing CEO Jensen Huang

> Board meeting on Nov 11 2026 could fire Huang after reports of a second affair, sending shares down over 7% in after‑hours trading.

Oossa · 2026-11-11 · https://oossa.com/en/nvidia-board-set-to-vote-on-removing-ceo-jensen-huang

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.

## The facts

- The board will meet on Nov 11 2026 to vote on Huang’s future, according to the Wall Street Journal.
- The New York Times reports the alleged affair involved Kimberly Powell, Nvidia’s vice‑president of health care.
- Video from Nvidia’s GTC conference in March shows Huang and Powell being affectionate in a San Jose hotel.
- Nvidia stock dropped more than 7% in after‑hours trading on Wednesday following the news.
- Nvidia has retained former U.S. attorney Joon H. Kim and the firm Wachtell, Lipton, Rosen & Katz for an independent investigation.

## 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.

## Sources & references

1. [Nvidia is reportedly preparing to fire Jensen Huang](https://www.theverge.com/tech/1031652/jensen-huang-rumor) – The Verge, 2026-11-11
2. [Nvidia stock slides after NYT report alleges Jensen Huang had a second affair — with an employee](https://www.cnbc.com/2026/11/11/nvidia-jensen-huang-affair-employee.html) – CNBC, 2026-11-11
3. [Nvidia board preparing to oust CEO Huang: WSJ](https://www.semafor.com/article/11/11/2026/nvidia-board-preparing-to-oust-ceo-huang-wsj) – Semafor, 2026-11-11
4. [Jensen Huang now accused of affair with Nvidia executive who reported to him, alleged cover-up attempt — new indiscretion comes in wake of admitted affair with alleged Chinese spy](https://www.tomshardware.com/tech-industry/jensen-huang-now-accused-of-affair-with-nvidia-executive-who-reported-to-him-alleged-cover-up-attempt-new-indiscretion-comes-in-wake-of-admitted-affair-with-alleged-chinese-spy) – Tom's Hardware, 2026-11-11

Last updated: 2026-11-11