Key facts
- Nvidia shares were down roughly 8.3% in after-hours trading on Wednesday, November 11, 2026, dipping below $160 per share.
- Nvidia shares had not fallen below $160 since June 2025, and traded above $200 a week before November 11, 2026.
- Nvidia reached an all-time high of $243.37 on October 6, 2026.
- The New York Times cited five people who worked at Nvidia for its report on the second affair.
- The Wall Street Journal reported the board brought in former federal prosecutor Joon H. Kim to lead an investigation into Huang.
- Jensen Huang acknowledged he had an affair, saying in a company memo he was "unfaithful" to his wife of 41 years, Lori Huang, Bloomberg reported.
Nvidia shares fell roughly 8.3% in after-hours trading on Wednesday, November 11, 2026, dropping below $160 per share, after The New York Times reported that CEO Jensen Huang had a second affair, with Kimberly Powell, Nvidia's vice president of health care. The Times cited five people who worked at the chipmaker. Nvidia shares had not traded below $160 since June 2025, were above $200 a week before November 11, and reached an all-time high of $243.37 on October 6, 2026, according to The Hill.
The Wall Street Journal reported on Wednesday, November 11, 2026, that Nvidia's board, which brought in former federal prosecutor Joon H. Kim to lead an investigation into Huang, was preparing to oust the CEO and to meet as soon as that day on his future. The Hill said it had reached out to Nvidia for comment.
The Times report followed an earlier one that Huang had an extramarital affair with Alice Huang, whom U.S. intelligence officials believe is a Chinese spy. Alice Huang has worked for Megaspeed, a Singaporean firm that is a customer of Nvidia. Jensen Huang has led Nvidia since he founded the company in 1993.
Jensen Huang acknowledged he had an affair, saying in a company memo he was "unfaithful" to his wife of 41 years, Lori Huang, Bloomberg reported on Sunday, November 8, 2026. Democrats and Republicans on Capitol Hill have cited Jensen Huang's affair with Alice Huang as justification for restricting exports of Nvidia's chips. Trump has stood by the Nvidia CEO, calling Jensen Huang an "honorable guy" on Sunday, November 8, 2026. "I just know he's a fine person, but you never know what is going on," the president told reporters.