Nvidia board weighs ousting CEO Jensen Huang over affairs and spy allegations

Nvidia’s board is preparing to oust CEO Jensen Huang following revelations of two extramarital affairs, including one with a suspected Chinese spy, according to the Wall Street Journal. The move risks major disruption to the $4.1 trillion chip company vital to AI development. The board may meet as soon as Wednesday to decide Huang’s fate, with shares falling over 8% in after-hours trading. The New York Times reported the second affair was with Kimberly Powell, Nvidia’s 48-year-old vice president of healthcare. Huang, 63, recently acknowledged infidelity to his wife of over 40 years. The suspected spy, Alice Huang, ran Singapore-based Megaspeed, which allegedly smuggled advanced AI chips to China despite US export restrictions. Huang founded Nvidia in 1993, owns only 3.6% of the company, and has no clear successor among his 60 direct reports.