Key facts
- The Wall Street Journal reported that Nvidia's board, already planning an investigation into Huang, is preparing to remove him.
- The New York Times report on the relationship cited five company sources and named Kimberly Powell, Nvidia's vice president of healthcare.
- Brian Mulberry, chief market strategist at Zacks Investment Management, put the chances of Huang's complete removal at 5-10%.
- Dan Ives previously said Huang's departure would shave 30% off Nvidia's stock price, according to the account.
- Elon Musk said it would be an honor to hire Huang if he is pushed out.
Nvidia's board is preparing to remove CEO Jensen Huang, The Wall Street Journal reported on November 12, 2026, following a New York Times report that Huang had an extramarital relationship with one of his direct reports.
The Times report on Wednesday, November 11, 2026, cited five company sources and named Kimberly Powell, Nvidia's vice president of healthcare, as the person involved. It was the second report of Huang cheating on his wife of over 40 years, Lori, according to the account. The Times reported in October 2026 that US intelligence officials believed Alice Huang, an executive for Nvidia customer Megaspeed, was passing information to Beijing.
The Journal reported that Nvidia's board, which was already planning an investigation into Huang, is preparing to remove him. The account said prediction markets had put the odds of Huang leaving before the end of 2026 below 20% early in the week of November 9.
Brian Mulberry, chief market strategist at Zacks Investment Management, told the account on Wednesday morning that he put the chances of Huang being completely removed from Nvidia at 5-10%. "You have to handicap stuff that's really hard to handicap, right?" Mulberry said. "But he is such a big part of whatever happens next with Nvidia, just like Elon is with Tesla and SpaceX, that it could be incredibly disruptive."
The account said analyst Dan Ives previously said Huang's departure would shave 30% off Nvidia's stock price, and that there is no clear successor inside the company, which could force the board to look outside its ranks. Elon Musk said it would be an honor to hire Huang if he is pushed out, according to the account.
The account also discussed possible effects on China's position in AI, on AI-related market volatility, and on a planned Anthropic IPO alongside a $26 billion private placement. It said the broader market was up on Monday, November 9, after initial reports of Huang's affair and the spy matter.