Nvidia’s board was preparing to oust chief executive Jensen Huang and meet as soon as 11 November 2026 to decide his future, Reuters reported on 12 November, citing a Wall Street Journal account based on unnamed people. That would put Huang’s leadership before the board of a company whose chips are used to train AI models and power services including ChatGPT.
Key points
- The Wall Street Journal reported that Nvidia’s board was preparing to remove Huang and could meet as soon as 11 November.
- The reported board move follows Huang’s acknowledgement that he had been unfaithful to his wife.
- Reuters said it could not immediately verify the reports. Nvidia shares fell about 8 per cent in after-hours trading.
Nvidia board’s reported 11 November meeting
The reported meeting marks a possible change in the board’s role in the controversy. AI Affairs previously reported an investigation into Huang, alongside a 3.4 per cent fall in Nvidia shares. The Wall Street Journal’s account puts a decision on his leadership before directors.
The San Francisco Standard reported on 11 November that Huang would likely be removed and that the move could come that night. Reuters said it could not immediately verify the reports about the board’s preparations or Huang’s reported relationship with a company executive.
Nvidia did not immediately respond to a request for comment, Reuters reported. The accounts describe preparations and a possible meeting, rather than a board decision.
Huang, Powell and the intelligence investigation
Earlier on 11 November, the New York Times reported that Huang had an extramarital relationship with Kimberly Powell, Nvidia’s vice president of healthcare, who reported to him. Its account cited five people who had worked at the company, according to Reuters.
Huang had acknowledged being unfaithful to his wife days before the reports about the board meeting. Nvidia’s board was also investigating whether a foreign intelligence operation had targeted him.
The Wall Street Journal’s reported account concerned two extramarital affairs, one involving a woman suspected of being a Chinese spy. US intelligence had said Alice Huang, a woman with whom Jensen Huang had a relationship, facilitated shipments of Nvidia chips to Chinese firms. The Powell allegation concerns a company executive.
Nvidia shares fall in after-hours trading
The leadership report landed amid an already substantial market reaction to the controversy. AI Affairs previously reported a fall of more than 6 per cent in Nvidia shares, with market value losses topping $400 billion.
Nvidia shares were down about 8 per cent in after-hours trading, Reuters reported. The stock had lost more than $300 billion in market value since news of Huang’s relationship with Alice Huang broke.
