Nvidia Stock Tumbles as Company Prepares To Remove Huang Following Second Affair (UPDATED) - NVIDIA (NASD
Nvidia Corporation is currently navigating a significant leadership crisis as reports emerge that its board of directors is getting ready to dismiss Jensen Huang from his role as Chief Executive Officer. This development follows allegations regarding a second extramarital relationship involving the prominent technology executive. In the wake of these disclosures, Nvidia shares have seen a substantial drop in value on the Nasdaq, as investors react to the potential departure of the company’s primary leader and co-founder.
Report of Second Affair
The allegations were brought to light by The New York Times, which relied on information provided by five individuals who have previously worked at the semiconductor firm. According to the findings, Huang was involved in an alleged relationship with Kimberly Powell, who serves as the Vice President of Health Care at Nvidia. This situation has drawn particular attention because Powell is a direct subordinate of Huang, reporting to him within the company’s organizational structure.
The report from the Times suggests that the relationship was identified after the two executives were captured on a video recording. The footage reportedly shows Huang and Powell being affectionate toward one another while at a hotel. This incident took place in March during an official conference hosted by Nvidia. Furthermore, the report notes that both Huang and Powell are currently married to other people, adding a complicated personal dimension to the professional allegations.
Video at March Conference
The financial impact of these revelations was felt immediately across the market. As a central player in the global chip industry and the burgeoning artificial intelligence market, Nvidia’s corporate stability is closely linked to Huang’s tenure. The news that the board is preparing for his removal has triggered a sell-off, with the stock price tumbling as shareholders assess the risks associated with a change in executive leadership.
Internal sources indicate that the company is now focused on managing the transition and addressing the fallout from the report. While Nvidia has not yet released a public statement detailing the exact timing of Huang’s exit, the testimony from five separate sources suggests that the internal decision-making process is well underway. Market analysts and investors are now closely monitoring the situation to see how the company will maintain its momentum in the competitive technology sector while resolving this internal scandal.
Source: benzinga.com · 2026-11-11