Nvidia's board is preparing to oust Jensen Huang after a report of a second affair, WSJ says
The New York Times reported Huang had a relationship with Kimberly Powell, Nvidia's vice-president of healthcare, who reports to him; Bloomberg says the board has hired an outside firm to find a successor and is weighing an interim CEO, and shares fell about 8% after hours.
Why it matters
This turns the spy affair into a question of who runs the world's most valuable AI chipmaker. On Sunday the board backed Huang after he admitted an affair with Alice Huang, whom US intelligence believes was recruited by China's Ministry of State Security, and on Tuesday it hired a former federal prosecutor to lead a probe. A second relationship, with a direct report, is a separate governance issue. Watch the board's decision, who would succeed the founder, and whether Congress still presses ahead with its own inquiries.
Key facts
- NYT: Huang had a relationship with Kimberly Powell, Nvidia VP of healthcare
- Powell reports to Huang and has been at Nvidia more than 18 years
- WSJ: board preparing to oust Huang, meeting as soon as Wednesday
- Nvidia shares fell more than 8% after hours
- Huang admitted an affair with Alice Huang on Sunday
- Bloomberg: board hired an outside search firm and is weighing an interim CEO
How the story developed
- 11 Nov, 23:24 UTC Developing Nvidia's board is preparing to oust Jensen Huang after a report of a second affair, WSJ says
- 12 Nov, 01:20 UTC Developing Nvidia's board is preparing to oust Jensen Huang after a report of a second affair, WSJ says