Nvidia Board Reportedly Weighs Jensen Huang’s Future After Affair Allegations

Nvidia’s board is reportedly preparing to discuss whether Jensen Huang should remain chief executive, amid allegations about relationships with two colleagues and scrutiny from U.S. authorities. According to the report, a board meeting could take place as soon as Nov. 11. The article says Huang admitted to having an affair in an email to company staff on Nov. 8. It also reports that allegations of a second affair involving Kimberly Powell, Nvidia’s healthcare vice-president, were shared with The New York Times by company employees. The claims have not been independently established in the article. The board is said to be considering its options, including appointing an interim chief. The Wall Street Journal reportedly said directors were planning to meet, while Bloomberg reported that Nvidia was working with an outside firm to identify possible replacements for Huang. The story also links the allegations to a drop in Nvidia shares. The company’s stock fell about eight per cent in after-hours trading following the claims involving Powell, according to the article, after an earlier decline when Huang’s alleged relationship with Alice Huang was first reported. The report describes a company facing questions about its leadership while investigations into Huang’s relationship with Alice Huang are under way. It does not say that the board has made a final decision on his position; any discussion of Huang’s departure or a replacement remains prospective.