Nvidia's board is scheduled to convene as early as Thursday to deliberate the status of its chief executive following revelations of two extramarital affairs. The controversies involve Nvidia vice president Kimberly Powell, who directly reports to the CEO, as well as a businesswoman linked by U.S. intelligence to Chinese intelligence services. Jensen Huang previously acknowledged an affair and issued an apology to company staff in a Sunday letter for violating his family's trust. The mounting scrutiny reversed a 2.9% gain from Wednesday's normal trading session.
Key points
The Trump administration has reportedly been made aware of the ongoing plans regarding th…: The Trump administration has reportedly been made aware of the ongoing plans regarding the executive's potential removal.
One of the reported affairs involves a businesswoman suspected by U.S. intelligence of ma…: One of the reported affairs involves a businesswoman suspected by U.S. intelligence of maintaining ties to Chinese intelligence services.
The leadership crisis instantly erased regular trading gains of 2.9% as investor confiden…: The leadership crisis instantly erased regular trading gains of 2.9% as investor confidence took an immediate hit.
Sources checked by our analysis pipeline: 1
Nvidia shares fell 8% in after-hours trading on Wednesday after reports that the company's board was preparing to discuss the future of CEO Jensen Huang amid allegations of two extramarital relationships, including one involving a businesswoman suspected by US intelligence officials of having links to Chinese intelligence services.
After-hours trading takes place after the regular market session closes and is not necessarily representative of how a stock will perform when the market reopens.
The Wall Street Journal, citing people familiar with the matter, reported that Nvidia's board was preparing to meet as early as Thursday to discuss Huang's future. CBS News reporter also said in a post on X that the board was preparing to discuss the CEO's position, with the Trump administration aware of plans to remove him.
The developments came after the New York Times reported another alleged relationship between Huang and Nvidia vice president Kimberly Powell, who reports directly to him. The newspaper, citing five people who worked at the company, said the relationship had not been previously reported. The report also raised questions about Nvidia's workplace…
The chipmaker's board is actively weighing the removal of its longtime chief executive following personal and security-related controversies. The potential leadership shakeup immediately sent the company's valuation tumbling while boosting rival semiconductor firms. Investors are reacting to escalating scrutiny that threatens stability at the top of the tech giant.
The unexpected show of support from Tesla's chief executive comes as the semiconductor giant's board prepares to evaluate Jensen Huang's executive standing. The leadership crisis was triggered by revelations of Huang's extramarital relationship with an executive linked to Chinese intelligence, spurring sharp market losses and national security concerns. Lawmakers are now mounting pressure on the long-time tech leader to relinquish his post.
Mounting scrutiny from United States lawmakers and corporate governance reviews have intensified pressure on Nvidia's top leadership. The developments stem from serious national security questions regarding sensitive artificial intelligence chip sales to China alongside multiple reported personal controversies. Elon Musk's recent remarks on social media highlight how closely tech executives are watching the unfolding situation.