{"id":4264,"date":"2026-11-12T12:03:56","date_gmt":"2026-11-12T07:03:56","guid":{"rendered":"https:\/\/ipp-news.com\/?p=4264"},"modified":"2026-11-12T12:03:56","modified_gmt":"2026-11-12T07:03:56","slug":"nvidia-board-meets-to-decide-ceo-huangs-future-as-leadership-crisis-deepens","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=4264","title":{"rendered":"Nvidia board meets to decide CEO Huang’s future as leadership crisis deepens"},"content":{"rendered":"
\n

Nvidia\u2019s board is meeting late Wednesday to decide whether to oust CEO Jensen Huang, a source familiar with the matter told \u200bReuters, as the world\u2019s dominant supplier of AI chips grapples with reports of two extramarital affairs involving its longtime leader.<\/strong><\/p>\n

Nvidia did not immediately respond to a request for comment \u200con the board meeting.<\/p>\n

The meeting marks a sharp shift from Sunday, when Nvidia\u2019s board expressed confidence in Huang and his leadership team.<\/p>\n

Under Nvidia\u2019s bylaws, Huang can be removed \u201cwith or without cause\u201d by a majority vote of directors. Nvidia has 11 directors and considers all but Huang independent.<\/p>\n

Nvidia\u2019s stock slid more than 8% in extended trading after the Wall Street Journal first reported that the company was preparing to fire Huang.<\/p>\n

If those losses hold, Nvidia will have lost about $600 billion in market value \u200bsince the board announced its investigation into his relationship with a businesswoman called Alice Huang, alleged to be a Chinese spy.<\/p>\n

Revelations that US intelligence was probing Alice Huang for facilitating shipments of \u200bNvidia chips to Chinese firms set off a series of events: Wall Street began raising questions about Nvidia\u2019s governance and Jensen Huang\u2019s personal conduct, the company\u2019s \u2060board launched an internal investigation and hired outside counsel, while lawmakers began to push for tighter curbs on chip exports to China.<\/p>\n

\u201cThe market is starting to price Nvidia without its founder as the likely outcome, \u200bnot a tail risk,\u201d said Armina Rosenberg, portfolio manager and co-founder of Minotaur Capital, which holds Nvidia shares. \u201cLosing Jensen would be a real blow.\u201d<\/p>\n

<\/a>No obvious successor<\/strong><\/h3>\n

Huang\u2019s potential departure would leave a leadership vacuum at the roughly $4 \u200btrillion chipmaker he co-founded and built over more than three decades to become the top supplier of chips at the centre of the global AI boom and US-China technology rivalry.<\/p>\n

Huang, 63, has no obvious successor and owns about 3.6% of Nvidia\u2019s stock. He also has dozens of direct reports, underscoring the tight control he maintains over the company.<\/p>\n

Bloomberg reported on Wednesday that Nvidia\u2019s board has been working with an outside firm to identify potential replacements for Huang, citing a person familiar with \u200bthe situation.<\/p>\n

Rosenberg said Chief Financial Officer Colette Kress, who has held the role for more than a decade, would be the natural choice as an interim CEO, but said the bigger question was who would \u200blead Nvidia\u2019s technology roadmap longer term.<\/p>\n

Odds on prediction market website Polymarket shifted sharply to show an 88% chance that Huang would resign or be removed by the end of the year.<\/p>\n

Odds for his successor favoured Ian Buck, who \u200coversees the \u2060business that serves Nvidia\u2019s data centre clients.<\/p>\n

The leadership turmoil comes just days before investors are set to hear from the company on its financial performance and outlook, with its quarterly results due on November 17.<\/p>\n

Earlier in the day, the New York Times reported that Huang had also had an extramarital affair with a company executive who reported to him.<\/p>\n

The relationship was with Kimberly Powell, Nvidia\u2019s vice president of healthcare, the New York Times said, citing five people who worked at the company.<\/p>\n

When reached by phone Wednesday and asked about his relationship with Ms Powell, Mr Huang said, \u201cI don\u2019t think you should be talking to me directly.\u201d He then \u200bhung up, the New York Times reported.<\/p>\n

Nvidia and Powell \u200bdid not immediately respond to requests for \u2060comment. Reuters could not immediately verify the report.<\/p>\n

<\/a>Market fallout<\/strong><\/h3>\n

US stock futures sank, with Nasdaq futures down 1%. Micron fell nearly 2% and CoreWeave dropped 6% in after-hours trading. However, shares of rival chipmakers AMD and Broadcom rose 4% and 3%, respectively.<\/p>\n

In Asia, Samsung Electronics rose about 1% while SK Hynix dipped nearly 1%.<\/p>\n

Investors and \u200banalysts said<\/a> that while demand for Nvidia\u2019s chips would be unlikely to drop in the near term, the broader universe of companies backed by Nvidia \u2014 largely customers<\/a> building \u200bdata centres that will use \u2060its chips \u2014 might suffer.<\/p>\n

\u201cThey are financing their customers. In these types of booms or bubbles, sometimes all it takes is a slowdown to shift it into the bust phase,\u201d said Nick Ferres, chief investment officer at Vantage Point Asset Management in Singapore.<\/p>\n

<\/a>Investigation widens<\/strong><\/h3>\n

In a memo to employees on Sunday<\/a>, Huang acknowledged being unfaithful to his wife and took \u201cfull responsibility,\u201d but gave no details about the relationship.<\/p>\n

US President Donald Trump<\/a> has said he had not discussed the allegations with \u2060Huang but voiced support<\/a> \u200bfor the Nvidia chief, a close ally.<\/p>\n

Huang faces a potential congressional subpoena <\/a>if he doesn\u2019t respond to a request to provide a closed-door \u200bbriefing about the allegations on his affair with a Chinese spy.<\/p>\n

Separately, Axios reported on Wednesday, citing high-level sources, that US Commerce Secretary Howard Lutnick stalled Trump\u2019s crackdown on companies suspected of diverting Nvidia\u2019s chips to China.<\/p>\n

The White House and a spokesperson for Lutnick did \u200bnot immediately respond to requests for comment.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Nvidia\u2019s board is meeting late Wednesday to decide whether to oust CEO Jensen Huang, a source familiar with the matter told \u200bReuters, as the world\u2019s dominant supplier of AI chips grapples with reports of two extramarital affairs involving its longtime leader. Nvidia did not immediately respond to a request for comment \u200con the board meeting. The meeting marks a sharp shift from Sunday, when Nvidia\u2019s board expressed confidence in Huang and his leadership team. Under Nvidia\u2019s bylaws, Huang can be removed \u201cwith or without cause\u201d by a majority vote of…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-4264","post","type-post","status-publish","format-standard","hentry","category-english"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/4264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4264"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/4264\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}