Nvidia board moves to oust CEO Jensen Huang over spy-linked affair scandal

Nvidia’s board is preparing to push out CEO Jensen Huang following reports of two affairs, including one with a senior executive and another with a suspected Chinese spy, threatening his 33-year leadership of the world’s most valuable chipmaker. The Wall Street Journal reported the board’s plans after The New York Times detailed Huang’s relationship with Kimberly Powell, a direct report, citing filmed affection and a non-disclosure offer. Huang also admitted to an affair with Alice Huang, an executive at a customer, whom US intelligence reportedly believes worked for China, though no secrets were compromised. Nvidia’s shares fell about 8 per cent after the news, highlighting investor concerns over “key man risk” as the company has no named successor or board chair. Analysts value Nvidia at $US300 per share with Huang but $US225 without him, and the scandal may prompt new US chip export limits to China, affecting global AI supply chains.