Nvidia Shares Tumble 9.6% After Report of Second Affair by CEO Jensen Huang

Nvidia stock dropped 9.63% in after-hours trading Wednesday, settling at $157.00, following a New York Times report that CEO Jensen Huang engaged in a second extramarital affair. The stock had ended the regular session 2.92% higher at $173.73.

Who the Second Report Involves

According to the Times, Huang had a relationship with Kimberly Powell, Nvidia's vice president of health care, who reports directly to him. The newspaper cited five current and former employees. Both individuals are married to other people.

Huang reportedly ended the call when the Times reached him for comment, and Nvidia declined to respond.

*NVIDIA (NVDA) CEO JENSEN HUANG HAD AFFAIR WITH SUBORDINATE VP: NYT

*HUANG'S ALLEGED RELATIONSHIP WAS WITH NVIDIA (NVDA) HEALTH CARE VP KIMBERLY POWELL

*HUANG HUNG UP ON NYT INQUIRY; NVIDIA (NVDA) DECLINED COMMENT$NVDA

— tradfi news (@tradfi) November 11, 2026

Nvidia's code of conduct urges employees to steer clear of conflicts of interest, including those stemming from personal relationships.

Is Huang Being Removed?

Shortly after, the Wall Street Journal reported, citing sources familiar with the situation, that Nvidia's board is preparing to oust Huang. The board could convene as early as today to determine his fate.

No final decision or official statement has been issued yet.

The reversal is stark. On November 8, the board expressed “confidence in Jensen and his leadership team” as it launched a probe into his first affair.

“Boards are risk averse institutions comprised of individuals who are obsessed about being sued,” said Gary Black, Managing Partner at The Future Fund LLC.

That affair, which Huang acknowledged on Sunday, was with Alice Huang, a Megaspeed executive identified by US officials as a Chinese intelligence asset. China denies the allegation.

Who Could Run Nvidia Next?

Nvidia has not revealed a succession strategy. Huang co-founded the company in 1993.

“There is no succession plan,” Wedbush analyst Dan Ives told Newsweek. Analysts have pointed to CFO Colette Kress as a potential interim leader.

Nvidia is scheduled to report third-quarter earnings on November 17. As one of the S&P 500's largest components, its performance affects index funds and retirement accounts nationwide.

Jim Cramer cautioned that Nvidia investors should brace for a scenario without Jensen Huang as CEO.

Polymarket bettors estimate an 83% likelihood he is removed by month's end, and a 40% chance before the week concludes.