# Nvidia shares drop 7% after reports of CEO’s second affair

> Nvidia stock fell over 7% in after‑hours trading on Nov 11, 2026 as the board readies to remove Jensen Huang amid a new affair allegation.

Oossa · 2026-11-11 · https://oossa.com/en/nvidia-shares-drop-7-after-reports-of-ceo-s-second-affair

Nvidia shares slipped more than 7% in after‑hours trading on Wednesday after The Wall Street Journal said the board is planning to oust CEO Jensen Huang. The report followed a New York Times story that Huang had an extramarital relationship with Kimberly Powell, Nvidia’s vice president of health care. Powell oversees the company’s medical‑imaging and drug‑discovery hardware and software. Nvidia said it has launched an independent investigation and hired the law firm Wachtell, Lipton, Rosen & Katz. The stock decline adds to a week‑long slide as investors worry about the AI business outlook.

## The facts

- Nvidia stock fell more than 7% in after‑hours trading on Nov 11, 2026.
- The board hired law firm Wachtell, Lipton, Rosen & Katz for an independent investigation.

## Why it matters

The drop shows how personal scandals at Nvidia’s top can quickly affect investor confidence in the AI chip market.

## Sources & references

1. [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
2. [Jensen Huang accused of having another affair — with a Nvidia exec](https://techcrunch.com/2026/11/11/jensen-huang-accused-of-having-another-affair-with-a-nvidia-exec/) – TechCrunch, 2026-11-11

Last updated: 2026-11-11