Nvidia board moves to oust CEO Jensen Huang over affair with suspected Chinese spy

Nvidia's board is preparing to oust CEO Jensen Huang following revelations of an extramarital affair with a woman identified by US intelligence as a Chinese spy, according to the Wall Street Journal. The board may decide his fate as early as November 11, 2026. Huang admitted to the affair with a female executive at Singapore-based Megaspeed, who is suspected of smuggling Nvidia products to China. He was also reportedly involved with senior healthcare executive Kimberly Powell. Nvidia's stock fell about 8% in after-hours trading following the news. The company's flat organizational structure, with Huang directly managing about 60 subordinates, and the absence of a named successor could complicate any leadership transition. Nvidia has acknowledged in filings that its reliance on long-tenured management means a lack of effective succession planning could hinder strategy and long-term success.