Nvidia Board Moves to Oust CEO Jensen Huang After Spy Affair Admission

Nvidia is preparing to remove CEO Jensen Huang following his admission to an extramarital affair with a woman U.S. officials deemed a Chinese spy, a move that could end his 33-year leadership and disrupt the AI industry. The board may meet as soon as Wednesday to decide his fate, with shares falling over 8% in after-hours trading. The Wall Street Journal reported the ouster plan, while the New York Times added that Huang also had a relationship with Kimberly Powell, Nvidia’s vice president of health care. Nvidia announced an investigation Sunday, stating it had no reason to believe national security or company secrets were compromised, but would examine all available information. Huang co-founded Nvidia in 1993 and has been central to its success, with fiscal 2026 revenue of $215.9 billion, up 65%. He manages about 60 direct reports with no clear succession plan, and analysts warn the company is unprepared for a leadership transition.