Nvidia Board Moves to Oust CEO Jensen Huang Over Affair

Quick Answer: Nvidia’s board is preparing to oust co-founder and CEO Jensen Huang, according to The Wall Street Journal, after he admitted a relationship with an executive a US memo reportedly linked to China’s Ministry of State Security. The New York Times separately reported a second affair with a subordinate, and Nvidia shares have plummeted since the admission. For NVDA holders, the issue is now governance risk, not just the AI rally.

Nvidia CEO Jensen Huang faces removal as the board prepares to decide his future. US media reported on Wednesday that the board could meet as soon as that day, citing people familiar with the matter.

Why Is Nvidia’s Board Moving to Oust CEO Jensen Huang?

What NVDA holders should watch — Nvidia co-founder and CEO Jensen Huang at the centre of the board’s review

The trigger is a relationship with Alice Huang, a senior executive at Singapore-based data centre company Megaspeed. Huang, who is not related to her, confirmed the affair in a note to employees on Sunday: “I was unfaithful to my wife.”

The Wall Street Journal reported that the two were photographed together in Taipei in 2024 and 2025. US intelligence reportedly circulated a memo this past spring alleging she was an asset of China’s Ministry of State Security.

What Is the Second Affair Allegation Against Huang?

The New York Times reported that Huang, 63, was also involved in a second extramarital affair, this time with a subordinate. It cited video evidence of him being affectionate with Kimberly Powell, Nvidia’s 48-year-old vice-president of health care.

Bystanders said the two were seen being affectionate at a hotel in San Jose, California, where Powell was speaking at a conference. Powell has been a public face of Nvidia’s push to expand its chip technology in higher education and health care.

How Is Nvidia Responding to the Foreign Intelligence Probe?

Nvidia’s board has launched an independent investigation into reporting that Huang has been the target of a foreign intelligence effort. Huang said: “I support the investigation and will cooperate fully. I love our country and our company.”

Congress has asked Huang for a closed-door briefing on his interactions with Alice Huang.
Huang has appeared alongside US President Donald Trump at White House events, most recently last month, when he accepted a National Medal of Science.

What Does Nvidia’s Probe Mean for NVDA Shareholders?

Nvidia shareholders have filed a class-action lawsuit against Huang and the chipmaker. They allege the company failed to disclose the relationship to investors.

The AI surge had pushed Nvidia’s share price to new heights before the admission. The source report gives no percentage for the recent fall, so check the live price on your broker’s platform before drawing conclusions.

Nvidia designs graphics processing units (GPUs), originally built to handle 3D visuals in video games. Its processors are mostly made by Taiwanese company TSMC, the world’s largest contract manufacturer of chips.

Is Nvidia Listed on Bursa Malaysia?

No. Nvidia trades in the US, so it has no Bursa Malaysia stock code. Malaysian investors who hold NVDA do so through overseas-market brokers, and worth monitoring are the investigation outcome and the Congressional briefing.

This article is for information only and is not investment advice. Analysts note that governance events can move share prices quickly, so do your own research before making any decision.

Key Takeaways

Nvidia’s board is preparing to oust CEO Jensen Huang, according to The Wall Street Journal.
Huang admitted a relationship with Alice Huang, whom a US memo reportedly linked to China’s Ministry of State Security.
The New York Times reported a second affair with Nvidia vice-president Kimberly Powell.
Shareholders have filed a class-action lawsuit, and the board has launched an independent investigation.

Frequently Asked Questions

Is Jensen Huang being removed as Nvidia CEO?

The board is preparing to decide his future, according to The Wall Street Journal, but the source does not report a final decision. The board has also launched an independent investigation into the foreign intelligence reporting.

Who is Alice Huang?

Alice Huang is a senior executive at Singapore-based data centre company Megaspeed. Jensen Huang admitted a relationship with her, and a US intelligence memo reportedly alleged she was an asset of China’s Ministry of State Security.

Is Nvidia listed on Bursa Malaysia?

No, Nvidia trades in the US and has no Bursa Malaysia stock code. Malaysian investors who want exposure must buy it through an overseas-market broker.

Why did Nvidia shares fall after the affair admission?

The source reports that Nvidia shares plummeted in recent days after Huang admitted the affair. Shareholders have also filed a class-action lawsuit alleging the relationship was not disclosed to investors.

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