"Nvidia Moves to Oust CEO Jensen Huang"... Shares Plunge 8% (Updated)

WSJ reports, citing sources
Board to meet as early as Nov. 11

Alice Huang, with whom Nvidia CEO Jensen Huang acknowledged having an affair, attends a dinner at a restaurant in Taipei, Taiwan, on May 22, 2025. TVBS/AP-Yonhap News

A report says that Nvidia, the U.S. artificial intelligence (AI) semiconductor company, is moving to remove CEO Jensen Huang, who has recently been embroiled in an alleged affair scandal. Huang is reportedly involved in extramarital relationships with two people, including a woman suspected of being a Chinese spy and a Nvidia executive.

The Wall Street Journal (WSJ), citing people familiar with the matter, reported on Nov. 11 (local time) that Nvidia's board of directors is preparing to remove Huang. The board members are expected to meet as early as Nov. 11 to decide his future at the company.

Huang is reportedly involved in two extramarital relationships. One of the people is suspected by U.S. intelligence agencies of being a Chinese spy. The other is an Nvidia executive, according to a report by The New York Times (NYT).

In a letter to employees on Nov. 8, Huang acknowledged that he had not been faithful to his wife. Nvidia's board then launched its own investigation into whether Huang had been targeted by a foreign intelligence agency.

Nvidia shares fell about 8% in after-hours trading following reports that the company was moving to remove Huang. Shares plunged about 8.2% to $159.49 in after-hours trading following the close of regular trading that day. 

However, the WSJ added that it had not been confirmed whether the board had actually decided to remove Huang.

This content was produced with the assistance of AI translation services.