Nvidia Board Weighs Jensen Huang's Future as Shares Slide 9%
Nvidia's directors were set to huddle Wednesday over Jensen Huang's future as chief executive, the Financial Times reports, days after they publicly backed him and opened an independent probe. The New York Times tied Huang to a relationship with a vice president who reports to him, and Bloomberg says the stock sank 9% after hours.
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- The source published it on Nov 11, 2026 at 11:31 PM.
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Nvidia's board was set to hold urgent talks Wednesday about whether Huang stays in the CEO chair, according to the Financial Times, which cited people familiar with the matter. The report described planned discussions about his future, not a decision to push him out. Bloomberg reported the stock was down 9% in extended trading at 5:30 p.m. ET Wednesday.
The New York Times reported earlier Wednesday, citing five people who worked at Nvidia, that Huang had an extramarital relationship with Kimberly Powell, the company's vice president of health care, who reports to him. Huang had already owned up to infidelity in a Nov. 8 message to employees and promised to cooperate fully with the board's investigation — a message that landed before the Times' report on Powell.
That Nov. 8 statement also carried the board's public backing. Directors said they had 'no reason to believe that either national security or NVIDIA secrets were compromised' and voiced confidence in Huang and his leadership team. It was the board's stated position at the moment it launched the review, not a conclusion from a finished investigation. A committee of independent directors, working with outside independent counsel, is examining reports that Huang was targeted by a foreign-intelligence effort.
Two days later, on Nov. 10, the independent directors said they had retained Joon H. Kim, a former acting U.S. attorney for the Southern District of New York, and the law firm Wachtell, Lipton, Rosen & Katz to run that investigation.
President Donald Trump said Nov. 9 that the FBI was looking into the situation involving Huang and a woman alleged to be a Chinese government agent, according to the Associated Press. 'I know the FBI is looking into it in terms of something else, and I think that he'll be in good shape,' Trump said at a White House briefing, AP reported. China has denied the espionage allegations, and the FBI interest Trump described is separate from the probe Nvidia's own directors commissioned.
TopicsNvidia · Jensen Huang · Kimberly Powell · Donald Trump · FBI · Joon H. Kim · Wachtell, Lipton, Rosen & Katz · Financial Times
Written by Paparazzi with AI. Not financial advice.