Nvidia CEO Jensen Huang, Digi Mart USA News: The board of directors of Nvidia is reportedly preparing to dismiss co-founder and CEO Jensen Huang, U.S. media reported Wednesday, as the head of the chipmaker faces a growing list of controversies, including a relationship with a woman accused of spying for China.
Nvidia shares fell nearly 8% in after-hours electronic trading following the reports.
The board of the U.S. semiconductor company was preparing to meet as early as Wednesday to decide Huang’s future, according to The Wall Street Journal, which cited sources familiar with the matter.
The New York Times reported Wednesday that Huang was also involved in a second extramarital relationship with a subordinate, claiming that videos exist documenting the affectionate behavior of the 63-year-old executive toward Nvidia vice president Kimberly Powell, who heads the health division.
Powell, 48, is responsible for developing Nvidia’s technology in higher education and healthcare. She was speaking at a conference in San Jose, California, where witnesses saw the two being affectionate at a hotel, according to the newspaper.
This revelation about the second relationship follows Huang’s acknowledgment of a relationship with Alice Huang, a senior executive at Megaspeed, a data center company based in Singapore.
Alice Huang is reportedly an agent of China’s Ministry of State Security, according to U.S. intelligence services.
U.S. intelligence agencies circulated a note last spring asserting that Alice Huang was an agent of the ministry, according to media reports.
Jensen Huang acknowledged having spent time with Alice Huang, who shares the same surname but with whom he has no family relationship. “I was unfaithful to my wife,” he wrote in a note sent to Nvidia employees over the weekend.
The same day, Nvidia’s board said in a statement that it had launched an independent investigation following recent information that founder and CEO Jensen Huang had reportedly been the target of a foreign intelligence operation.
“I support the investigation and will cooperate fully,” Jensen Huang said. The Wall Street Journal reported that Jensen and Alice Huang had been photographed together in Taipei in 2024 and 2025.
Nvidia shareholders have filed a class action lawsuit against Jensen Huang and the company, maker of graphics processors for AI, accusing them of failing to disclose information about this relationship to investors.
