Nvidia shares tumble as reports allege Jensen Huang had second affair
Nvidia stock fell more than 10 per cent in after-hours trading following reports of an extramarital relationship with a company vice president.
Nvidia shares tumbled more than 10 per cent in after-hours trading on Wednesday following reports that chief executive Jensen Huang had a second extramarital relationship. According to the New York Times, the affair was with Kimberly Powell, the company's vice president of healthcare, who reports directly to Huang. Both individuals are married to other people.
The Wall Street Journal reported that the company's board is preparing to oust Huang. This news followed an earlier slide of just over 3 per cent in after-hours trading, which deepened after the second report was released, according to Times Now.
The New York Times report, based on five anonymous company employees, alleged that Huang and Powell were seen behaving affectionately at a hotel in San Jose during an Nvidia conference in March. Sources claimed a bystander recorded the moment on a phone, but Huang's security team reportedly intervened and offered the person a deal to sign a nondisclosure agreement.
These allegations follow Huang's recent admission of being unfaithful to his wife. In a message to employees on November 8, 2026, Huang apologised to his family and pledged to cooperate with an independent investigation into whether he was targeted by a foreign intelligence operation.
Nvidia's board has launched an inquiry overseen by independent directors and outside legal counsel from Wachtell, Lipton, Rosen & Katz. The board stated it has no reason to believe confidential information or US national security secrets were compromised.
The FBI is examining the issue, while the Justice Department is investigating Megaspeed, a Singapore-based firm. Republican leaders of congressional committees have also requested a closed-door briefing.