NVIDIA · 2026-11-11 · rumor
Nvidia board reportedly preparing to oust CEO Jensen Huang
In short
The Wall Street Journal reports that Nvidia's board is preparing to remove founder and CEO Jensen Huang and could meet as soon as Wednesday. Nvidia shares fell more than 9% after hours. No decision has been announced.
NVIDIA · 2026-11-11 · 4 sources checked
The Wall Street Journal says Nvidia's board may remove founder and CEO Jensen Huang after reports of two affairs.
What is it?
The Wall Street Journal, citing people familiar with the matter, reports that Nvidia's board is preparing to oust CEO Jensen Huang and could meet as soon as Wednesday, Nov 11, to decide his future. The report came hours after The New York Times said Huang had a relationship with Kimberly Powell, Nvidia's vice president of health care. Days earlier, Huang admitted an affair with a woman U.S. intelligence believes is a spy for China, according to the FT and the NYT.
How does it work?
Source and confidence: the claim comes from WSJ reporting with unnamed sources, repeated by Semafor and CNBC; Nvidia has not commented, and no board vote has been announced. The board had already opened an independent probe led by the law firm Wachtell Lipton into whether Huang disclosed corporate secrets or put U.S. national security at risk. A board statement or a named new CEO would confirm the report; a statement backing Huang would deny it.
Why does it matter?
Nvidia supplies many of the most advanced chips to the hyperscalers that train and serve AI models, and it has entered billions of dollars in financing deals that help fund the AI buildout, according to Semafor. A sudden change at the top of a company valued at about $4 trillion could affect chip roadmaps, China export strategy and those deals. Shares fell more than 9% in after-hours trading, per CNBC.
Who is it for?
anyone whose AI roadmap depends on Nvidia hardware