Nvidia CEO Jensen Huang faces ouster over affair reports, with global AI fallout

Nvidia may remove CEO Jensen Huang following reports of an extramarital affair with a direct report, Vice President Kimberly Powell, according to a New York Times report citing five company sources. The board is reportedly preparing to oust him, a move that could disrupt the AI industry and financial markets. The affair report follows a previous allegation that Huang cheated on his wife with Alice Huang, an executive at Nvidia customer Megaspeed, whom US intelligence believed was passing information to Beijing. The Wall Street Journal reports the board, already planning an investigation, is now preparing for his removal, though prediction markets had earlier placed his exit odds below 20%. A Huang departure could shave 30% off Nvidia's stock, according to analyst Dan Ives, with no clear successor identified. China may benefit from US AI leadership chaos, while Anthropic's IPO and broader tech relationships could face ripple effects, with Elon Musk offering to hire Huang if ousted.