What does the new report say?
According to the New York Times, as summarised by Axios, Huang, 63, had a relationship with an Nvidia vice president who reported to him. The two were reportedly seen being affectionate at a hotel during Nvidia’s GTC developer conference in San Jose in March 2026. Nvidia declined to comment and the executive did not respond to requests for comment.
This matters more for the board than the first affair. A relationship with a direct subordinate raises questions under normal company conduct rules, separate from any national security question.
How is it different from the first affair?
- First affair (admitted): with Alice Huang of Megaspeed, a Singapore data centre company. US officials, as reported by the Financial Times, allege she was recruited by China’s Ministry of State Security. She has not been charged and China denies it.
- Second relationship (reported, not confirmed): with an executive inside Nvidia who reported to Huang.
Is the Nvidia board removing Jensen Huang?
The Wall Street Journal reported that the board was preparing to oust Huang, possibly as soon as Wednesday night US time. Reuters, citing a source, said the board met on Wednesday to decide. Bloomberg reported that the board has worked with an outside firm to look at possible replacements. Earlier, Nvidia’s spokesperson had said Huang was committed to leading the company “without interruption”.
At the time of writing we have not seen an official announcement or SEC filing. Any decision would normally be announced by press release and an 8-K filing.
How did Nvidia shares react?
Nvidia shares fell about 8% in after-hours trading after the WSJ report, and Reuters estimated Nvidia had lost about US$600 billion in market value over the week.
Frequently Asked Questions
Has Jensen Huang admitted the second affair?
No. As of this writing he has only admitted the first one, in his internal message on 8 November. The second relationship is a media report that Nvidia has not commented on.
Has Jensen Huang been fired?
Not as of 12 November 2026, Malaysia time. The board met to discuss his future, but no decision has been announced.
Who could replace him?
Nvidia has no publicly named successor. Bloomberg reported that an outside firm is helping the board look at candidates.
- What Polymarket says about Huang leaving
- Nvidia without Huang: effect on NVDA and Malaysia
- Jensen Huang admits affair: board opens probe
- Jensen Huang’s letter and Nvidia’s board statement
- What key person risk means for Nvidia shareholders
- Megaspeed and Alice Huang explained
- What it means for Malaysia’s data centres
Want to follow Nvidia (NVDA) and other US stocks from Malaysia? See US market hours in Malaysia time and US stock fees on M+ Global.
Sources
This is a developing story, written from the reports above as of 12 November 2026 (Malaysia time). The affair and espionage claims are allegations reported by the media; Nvidia and the people named have not confirmed the second relationship, no one has been charged, and China has called the spy reports baseless.
Disclaimer: This article is for education and information only. It is not a recommendation to buy, sell or hold any security. Dexter Chia is a licensed dealer’s representative (R336) at Malacca Securities (M+ Global).
