Board Weighs Ousting Jensen Huang as Dual Scandals Trigger Share Sell-Off
Nvidia’s board of directors is weighing the removal of co-founder and Chief Executive Officer Jensen Huang following disclosures of extramarital relationships and an inquiry into foreign intelligence targeting, triggering a sharp decline in company shares and a shareholder class-action lawsuit.
The governance crisis intensified following revelations linking the 63-year-old executive to two separate affairs. Huang acknowledged a personal relationship with Alice Huang, a senior executive at Singapore-based data center firm Megaspeed, following a US intelligence memo alleging she functioned as an asset for China’s Ministry of State Security. Photographs documented the pair together in Taipei across 2024 and 2025. In response, Nvidia‘s board commissioned an independent investigation into foreign intelligence efforts, while US lawmakers called on Huang to deliver a closed-door congressional briefing.
Concurrently, reports surfaced detailing a second extramarital relationship involving Nvidia’s vice president of health care, 48-year-old Kimberly Powell. Video evidence captured affectionate conduct between Huang and Powell at a San Jose, California hotel during an industry conference.
For enterprise partners and institutional investors, the leadership instability creates immediate commercial and regulatory risk. Shareholders launched a class-action lawsuit against Huang and the advanced chip manufacturer, citing a failure to disclose material executive relationships and associated security risks. With Nvidia’s core GPU processor production reliant on Taiwanese manufacturing partner TSMC and its market value plummeting ahead of corporate earnings, leadership succession and regulatory oversight now pose direct risks to company valuation and contract continuity.
