Nvidia Board Readies Move to Remove Jensen Huang

Overview

• Huang admitted an extramarital relationship with Alice Huang and the company opened an independent board probe this week that is being handled by outside counsel Wachtell, Lipton, Rosen & Katz.
• Reporters have disclosed a second alleged relationship with Kimberly Powell, a Nvidia vice president who reports to Huang, and eyewitnesses say a bystander filmed the pair at a San Jose hotel before security intervened and reportedly offered a confidentiality agreement.
• The board has convened to consider Huang’s removal, though Nvidia says the investigation has not found evidence so far that company secrets or U.S. national security were compromised.
• Markets and politicians reacted sharply: Nvidia shares plunged as much as about 9% in after‑hours trading, shareholders have filed suit, and Republican House leaders have sought closed briefings and threatened subpoenas.
• The case touches core U.S.–China technology policy because Alice Huang is linked to Megaspeed, a major buyer of Nvidia chips, and a Huang exit would create a consequential leadership gap at the company that supplies most advanced AI training chips.