Nvidia board weighs ousting CEO Huang over affairs and China spy concerns

Nvidia's board is preparing to oust CEO Jensen Huang following revelations of two extramarital affairs, including one with a suspected Chinese spy, the Wall Street Journal reported Wednesday. The board may meet as soon as Wednesday to decide his fate, with shares falling 8% in after-hours trading. The controversy stems from Huang's relationship with Alice Huang, a woman US intelligence believed facilitated Nvidia chip shipments to Chinese firms. The New York Times also reported an affair with Kimberly Powell, Nvidia's vice president of healthcare. Huang acknowledged infidelity in a Sunday memo, and the board launched an investigation into possible foreign intelligence targeting. Huang co-founded Nvidia in 1993 and built it into a $4 trillion AI chip leader, but no succession plan exists, raising concerns about leadership vacuum. President Trump has voiced support for Huang, calling him "an honorable guy." Huang also faces a potential congressional subpoena over his ties to the Chinese businesswoman.