Nvidia board to vote on ousting Jensen Huang amid affair scandal and shareholder lawsuit

Nvidia’s board is set to vote on dismissing CEO Jensen Huang after revelations of a second alleged extramarital affair and a related securities lawsuit. The second affair is said to involve Kimberly Powell, Nvidia’s vice‑president of health care, who reports directly to Huang. Video from Nvidia’s March conference allegedly shows the two being affectionate. The board plans to meet as early as today to decide Huang’s future. Nvidia has hired former U.S. attorney Joon H. Kim and the law firm Wachtell, Lipton, Rosen & Katz to run an internal probe. Huang earlier admitted on Nov 8 to an affair with Singapore‑based Megaspeed executive Alice Huang, whom U.S. intelligence labels a Chinese spy. Nvidia announced an independent investigation to determine whether the relationship was part of a foreign honey‑trap. On Nov 9 the company’s shares fell more than 4%, wiping roughly $190 billion off its market value. Four securities firms – including Schall, Brown & Schwartz and Levi & Korsinsky – have opened their own probes into possible investor mis‑disclosure. A proposed class‑action lawsuit filed in San Jose federal court by Rosen Law Firm on behalf of investor Mark Kistenmacher alleges Nvidia and Huang concealed the affair and created national‑security risks. The complaint covers anyone who bought Nvidia securities between Oct 9 2025 and Nov 8 2026. Nvidia spokesperson John Rizzo said Huang’s interactions with Alice Huang were “not unusual or unexpected.” Huang is also expected to face inquiries from the U.S. Congress, the FBI and other agencies. ## Context The episode highlights how personal conduct at the top of a tech giant can trigger market volatility, legal actions and national‑security scrutiny, especially when foreign intelligence links are alleged.