Nvidia's board is moving to potentially oust Jensen Huang after he admitted to his wife that he had an extramarital affair with Kimberly Powell, the company's vice president of health care. The relationship was brought to light in a report citing five former employees, leading the board to convene quickly to decide Huang's future. The sudden corporate turmoil arrives alongside a separate probe examining whether the chief executive was targeted by a foreign intelligence operation.
Key points
Jensen Huang admitted his infidelity to his wife in a message that was sent to Nvidia emp…: Jensen Huang admitted his infidelity to his wife in a message that was sent to Nvidia employees.
Company shares dropped nearly 4 percent in extended trading immediately following the pub…: Company shares dropped nearly 4 percent in extended trading immediately following the public revelations.
Authorities are concurrently investigating whether the chief executive was the target of…: Authorities are concurrently investigating whether the chief executive was the target of a foreign intelligence effort.
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Jensen Huang allegedly had a relationship with Kimberly Powell, Nvidia's vice president of health care.
Nvidia CEO Jensen Huang had an extramarital affair with a company executive who reported to him, the New York Times reported on Wednesday (Nov 11), citing five people who worked at the company.
Huang allegedly had a relationship with Kimberly Powell, Nvidia's vice president of health care, the report said.
Nvidia did not immediately respond to a Reuters request for comment.
The Wall Street Journal reported that the company board is preparing to oust Huang, and will meet as soon as Wednesday to determine his future.
The report comes amid a probe into whether Huang was the target of a foreign intelligence effort, after he acknowledged being unfaithful to his wife in a message to employees.
Shares of the chipmaker fell nearly 4 per cent in extended trading.
The semiconductor company has initiated a formal process involving an external agency to identify its next leader. This preliminary recruitment effort signals that the organization is taking structured steps to prepare for a leadership transition at the highest corporate level.
Carriers are actively grappling with the rise of third-party automated tools that threaten direct digital channels and introduce fresh commercial risks. While rival carriers have blocked these platforms over security concerns, leadership advocates for aligning operations with passenger booking habits despite potential fee pressures. Embracing shifting consumer behavior could fundamentally alter distribution economics for an industry already struggling with tight margins and heavy debt loads.
Market analyst Jim Cramer is maintaining his existing stake in the semiconductor giant while halting further purchases ahead of upcoming earnings, citing deep concern over potential leadership changes. He argued the business can endure without its co-founder, drawing parallels to Apple's transition following Steve Jobs. Meanwhile, his investment club has shifted its focus toward rival chipmaker Advanced Micro Devices amid the turmoil.