Technology and Scienceupdated 17m ago2 min read
Archive photo · 18 November 2025Nvidia Board Prepares To Oust CEO Jensen Huang After Reports Of Second Affair
“Details of when and who might replace him aren't available.”
“The board is preparing to meet as soon as Wednesday to determine his future,”
Photo: The White House / US federal government, Public domain · Cropped for layout
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Board preparing to oust founder and CEO Jensen Huang after second extramarital affair. Nvidia stock fell about 7% after hours amid oust reports.
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Board weighs ouster
Nvidia’s board is preparing to oust CEO Jensen Huang after reports of a second extramarital affair, with the Wall Street Journal reporting the board could meet as soon as Wednesday to decide his future. Nvidia’s stock was down 7% after hours on Wednesday after the Wall Street Journal reported the board was preparing to remove Huang, and the New York Times reported a second affair with an executive who reports to him.
Nvidia’s board had already said it was investigating whether Huang was the target of a foreign intelligence effort after Huang acknowledged having an extramarital affair, and Huang admitted to having an affair in a memo to employees while cooperating with the board’s investigation. Jensen Huang also confirmed that Nvidia’s board had launched an independent investigation into national security concerns raised in news reports, and he pledged to cooperate fully and said he remained committed to the company.
Affairs, alleged spy links
The New York Times reported that Huang had a second extramarital affair with an executive at Nvidia who reports to him, citing five unnamed sources who worked at the company, and Nvidia declined to provide a statement to the New York Times. Jensen Huang told the New York Times, "I don't think you should be talking to me directly," before hanging up, and the New York Times said it had not viewed the video of the alleged encounter.
Alice Huang, an executive at Singapore-based data company Megaspeed, was involved in one affair, and US intelligence officials believe she was a spy for Beijing. Huang’s potential exit would create a leadership vacuum at the $4 trillion company, and the company has become a focal point in the US-China race for AI supremacy with its dominance in chips used to train models and power services such as OpenAI's ChatGPT.
Market and next steps
Nvidia shares fell 8% to $159.76 in after-hours trading following the reports, reversing a 2.9% gain during the regular session, according to Google Finance data. Over $800 billion was shaved off of the market cap of Nvidia in a day, and uncertainty around Nvidia's leadership had held the price down as the rest of the market adjusted to respond.
Huang admitted to having an affair in a memo to employees and did not name his affair partner, and he was cooperating with the board's investigation. Republican leaders of three House committees called for Huang to appear for a closed-door briefing regarding his interactions with the alleged intelligence asset, and Nvidia’s board previously launched an internal investigation into the matter led by law firm Wachtell, Lipton, Rosen & Katz.