---
title: "Nvidia Board Discusses Jensen Huang's Resignation After Second Affair Scandal"
description: "The Nvidia Board is discussing the resignation of Jensen Huang following an NYT report on his affair with executive Kimberly Powell. Shares dropped 8% in pre-market trading."
date: 2026-11-12T13:34:34.211Z
lang: en
url: https://xab.info/en/posts/nvidia-board-discusses-huang-resignation
tags: [nvidia, jensen-huang, ceo-resignation, ai-chips, stock-market, corporate-governance]
author: "Darya Fomina"
publisher: "XAB.info"
---

# Nvidia Board Discusses Jensen Huang's Resignation After Second Affair Scandal

![Portrait of Jensen Huang wearing glasses against a dark background, discussed in the context of resignation from Nvidia](https://xab.info/media/2026/11/12/nvidia-sovet-direktorov-otstavka-huang/nvidia-sovet-direktorov-otstavka-huang-1.webp)

## Key Points

- The Nvidia Board of Directors is holding an emergency meeting to discuss the potential resignation of CEO Jensen Huang
- The NYT reported on November 11 that Huang had an affair with VP Kimberly Powell, who reports directly to him
- Nvidia shares fell approximately 8% in pre-market trading; analysts estimate a potential 25% loss in company value if he resigns
- Internal candidates for CEO include CFO Colette Kress and Ian Buck; the company is also seeking external candidates
- The market reaction affected the tech sector: Nasdaq 100 fell 0.79%, Alibaba shares lost 7.1%, and Nvidia's competitors gained

The Nvidia Board of Directors, according to sources from Reuters and The Wall Street Journal, has convened for an emergency meeting to discuss the potential resignation of CEO Jensen Huang. The trigger was a report published by The New York Times on November 11, in which five former and current company employees stated that Huang had been in a romantic relationship with Nvidia Vice President Kimberly Powell. Powell joined the company in 2008 as an entry-level employee and now leads the healthcare division, reporting directly to the CEO. Both parties involved are married. Nvidia's code of corporate ethics mandates that all employees avoid conflicts of interest related to personal relationships, and this specific clause has now become the subject of an internal investigation.

### From First Scandal to Second: Timeline of Events

The first wave of reports regarding the Nvidia head's private life began in late October, when The New York Times reported that U.S. intelligence services suspected entrepreneur Alice Huang of working for Chinese intelligence. It later emerged that there had been a romantic relationship between her and Jensen Huang (she is not related to him, just a namesake). Huang publicly admitted to the affair and apologized to employees. The Board of Directors at that time expressed confidence in the CEO, and an internal investigation was launched within the company. However, by November 9, reports about the connection with Alice Huang sent global stock indices tumbling, and on November 11, news about Powell served as the trigger for a new board meeting.

### What is Known About Alice Huang and the Link to Megaspeed

The Washington Post notes that there is very little verified information about Alice Huang: journalists have been unable to confirm her age, background, education, or career path. According to the Chinese publication Caixin, she is around 42 years old. In 2023, she became the head of the Singapore-based company Megaspeed, which became one of the buyers of Nvidia chips. According to WSJ sources, the participants themselves helped facilitate the introduction between Alice Huang and Jensen Huang (who had known her husband, businessman Kan Wei, for about ten years) and told the husband about the affair. According to Bloomberg, Alice Huang currently resides in Beijing. It is through Megaspeed, according to the NYT, that Alibaba rents computing power on Nvidia chips.

### Who Could Lead Nvidia: Successors and External Candidates

Bloomberg emphasizes that Huang has no obvious successor: he personally oversees multiple business units, and replacing such a leader is a complex task. Among internal candidates, analysts name CFO Colette Kress and Ian Buck, the head of the division serving large data center clients. Management is also considering external candidates: the company has hired a recruiting agency, and according to Bloomberg, the radar includes top specialists from Apple, Amazon, Google, as well as executives from Micron, Arm, and AMD. The publication specifically notes that if Jensen Huang resigns, Elon Musk is already prepared to hire him, though analysts consider the most favorable scenario for Nvidia to be appointing Huang as Chairman of the Board — this would allow for a new CEO in compliance with the charter while keeping the company founder within the governance structure.

### Market Hit: Nvidia Shares and Chain Reaction

Following the NYT publication regarding the new affair, Nvidia shares dropped by approximately 8% in pre-market trading. An analytical note from Yorkville Ives values the stock at $300 if Huang remains CEO and at $225 without him, representing a potential loss of 25% of the company's market value. On November 9, after the first wave of reports, Nasdaq 100 futures fell by 0.79% and the S&P 500 by 0.38%, while the Dow Jones gained 0.04% — the sell-off primarily affected the technology sector. In Hong Kong trading, shares of Alibaba, linked to Megaspeed, lost 7.1%. Shares of Nvidia's competitors, conversely, rose: AMD and Broadcom gained more than 3% in off-exchange trading, and Alphabet gained 0.2%.

### Trader Lamarco's Warning and Systemic Risks

31-year-old trader Christian Lamarco warned of potential problems at Nvidia as early as May. According to the NYT, he became interested in the matter about a year ago after the first reports about the Nvidia head's meetings with Alice Huang. The result of his work was a 40-page investigation into Nvidia's business in China. Over the past few years, Nvidia has become the main supplier of chips for the artificial intelligence industry and one of the key drivers of the U.S. stock market, so any turmoil in the company's leadership has systemic significance for the entire technology sector and global markets.

## Fact-Check & Sources

- [Самая обсуждаемая история в мире прямо сейчас — измены главы Nvidia](https://meduza.io/feature/2026/11/12/samaya-obsuzhdaemaya-istoriya-v-mire-pryamo-seychas-izmeny-glavy-nvidia) - The source material synthesizes data from Reuters, WSJ, NYT, Bloomberg, WaPo, and Caixin. All key facts (board meeting, affair with Powell, stock drop, candidates) are confirmed by multiple independent outlets. Disclaimer: A decision on resignation has not been finalized; it is under discussion.

## FAQ

### What is the Nvidia Board of Directors discussing?

According to Reuters and The Wall Street Journal, the board has convened for an emergency meeting to discuss the potential resignation of CEO Jensen Huang. No decision has been made as of the time of publication.

### Who is Kimberly Powell and what is her role at Nvidia?

Kimberly Powell is an Nvidia Vice President who joined the company in 2008. She currently heads the healthcare division and reports directly to the CEO. According to the NYT, she was in a romantic relationship with Jensen Huang. Both are married.

### How have the reports affected Nvidia shares and the market?

Following the NYT report on November 11, Nvidia shares dropped approximately 8% in pre-market trading. Nasdaq 100 futures fell 0.79%, and the S&P 500 fell 0.38%. Alibaba shares in Hong Kong lost 7.1%. Competitors like AMD and Broadcom gained more than 3%.

### Who could replace Jensen Huang as CEO of Nvidia?

Internal candidates mentioned by analysts include CFO Colette Kress and Ian Buck. The company has also engaged a recruiting agency to look for external candidates, including specialists from Apple, Amazon, Google, Micron, Arm, and AMD. Bloomberg also mentions the possibility of appointing Huang as Chairman of the Board.

### What is known about Alice Huang from the first scandal?

According to Caixin, Alice Huang is about 42 years old. In 2023, she became the head of Singapore's Megaspeed, a buyer of Nvidia chips. Bloomberg reports she currently lives in Beijing. The Washington Post notes that most details regarding her age, education, and career path have not been confirmed by journalists.