Nvidia board reportedly plans to remove CEO Jensen Huang

Nvidia’s board is said to be preparing to oust co‑founder and chief executive Jensen Huang following revelations of a second extramarital relationship.

The New York Times reported on 11 November that Huang, who admitted on 8 November to a relationship with Chinese businessperson Alice Huang, also had an affair with the company’s vice‑president of healthcare, Kimberly Powell.

Alice Huang, unrelated to Jensen Huang, is a former executive of Singapore‑based AI cloud provider Megaspeed, which secured preferred cloud‑partner status with Nvidia in 2023 and has purchased more than €4.8 billion worth of Nvidia chips since 2024. Megaspeed has been under US investigation for allegedly diverting advanced Nvidia AI chips to China, a breach of US national‑security regulations.

The disclosures have triggered a sharp fall in Nvidia’s share price, down nearly 7 % in overnight trading, and the company is reported to have lost more than €450 billion in market value since the affair was disclosed.

Potential interim successors mentioned by Reuters include chief financial officer Colette Kress or vice‑president of cloud Ian Buck, as Huang has never appointed a designated successor.

Source: Silicon Republic. Photo: Alesia Kozik / Pexels.