Nvidia’s shares plunge as US tech giant’s board reportedly weighs ousting CEO Jensen Huang
What happened
Nvidia's board was preparing to oust CEO and co-founder Jensen Huang after a report of a second alleged affair, the Wall Street Journal reported, and the company's shares plunged.
Hours later, Nvidia announced Huang's resignation and named CFO Colette Kress interim CEO, The Verge reported.
The New York Times reported that Huang had an affair with Kimberly Powell, Nvidia's vice president of health care, who reports to him.
Two unnamed sources told the Times the pair were filmed being affectionate at a San Jose hotel during a March conference; the Times has not seen the video.
Days earlier, Huang admitted to a relationship with Alice Huang, a Megaspeed executive whom US intelligence reportedly flagged in a spring memo as a Chinese security-ministry asset.
Nvidia has hired a former US attorney, Joon H. Kim, to investigate, but the board reportedly would not wait for his findings before acting.
“I was unfaithful to my wife.”
Bangkok Post
Summary written by AI from 3 independent sources (To Vima, The Verge, Bangkok Post) and checked automatically against them for copied text and numbers that are not in the sources. How we work
Open on the live globe →Who reported it
- 2026-11-11 22:26 UTCTo Vima · tovima.com ↗
- 2026-11-11 22:44 UTCThe Verge · theverge.com ↗
- 2026-11-12 00:45 UTCBangkok Post · bangkokpost.com ↗
- 2026-11-12 02:32 UTCCapital FM · capitalfm.africa ↗
- 2026-11-12 06:52 UTCProthom Alo · en.prothomalo.com ↗
- 2026-11-12 07:55 UTCIOL · iol.co.za ↗
- 2026-11-12 08:19 UTCKhaama Press · khaama.com ↗
- 2026-11-12 10:37 UTCDer Standard · derstandard.at ↗
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