A second alleged affair, a share-price slide and analyst downgrades put the CEO’s future in doubt
Jensen Huang’s future at Nvidia is in doubt, as the board prepares to remove him, per the Wall Street Journal.Nvidia has not confirmed a decision.
TF has followed the Huang story since the first report on 1 November 2026. The board opened a probe on 8 November, and the stakes rose again on 11 November.
What’s Happening & Why It Matters
The Board Prepares to Act
The Wall Street Journal reported on 11 November 2026 Nvidia (@nvidia) is preparing to remove Huang as CEO. Euronews adds the board was set to meet to decide. The sources do not name a successor.
The New York Times reported a second alleged relationship, with Kimberly Powell, Nvidia’s vice president of healthcare. Powell reports to Huang, per Fox Business. Euronews says the Times reported video of the two being affectionate. Bystanders saw them together at a San Jose conference hotel, per Euronews. TF found no comment from Powell, and Nvidia has not confirmed the claims.
The First Affair and the Board Probe
Huang told staff on 8 November he had been unfaithful to his wife. The first relationship involved Alice Huang, a Megaspeed executive US officials suspect of working for China. The two Huangs are not related. The board opened an independent probe the same day, and the board hired Wachtell, Lipton, Rosen & Katz on 10 November.
Euronews says the WSJ reported photos of the pair in Taipei in 2024 and 2025. Three House chairmen want a closed-door briefing from Huang on 18 November, and Nvidia reports earnings on 17 November. TF covered the board probeand the law-firm hire.
Shares and Analysts React
Nvidia lost more than $427 billion (about €380 billion) in market value, per Fox Business. The loss covers two sessions after the 8 November news. Fast Company says shares fell about 8% in after-hours trading on 11 November. A proposed shareholder class action targets Huang, per Fast Company.
Baird cut Nvidia to neutral, citing doubt over Huang’s tenure and limited visibility into 2027 data centre spending. Morgan Stanley removed Nvidia from its Top Pick list but kept an overweight rating. Bank of America dropped Nvidia from its US 1 List.
Why Succession Is Hard
Huang, 63, co-founded Nvidia in 1993 and has run the company since. Fast Company says he has about 60 direct reports, and Nvidia has no COO and has never named a successor. Nvidia reported $96.2 billion (about €85.6 billion)in fiscal Q2 2027 revenue. About $89 billion came from data centres.
Customers such as cloud providers and AI labs depend on Nvidia’s chips and roadmap. A CEO exit without a named successor adds execution risk to a company built around Huang’s strategy.
My take: The second allegation is a governance problem, because the claim involves a direct report. Investors will want a successor and a clear timeline before the 17 November earnings call.
TF Summary: What’s Next
The board will decide Huang’s role after its meeting and the Wachtell review. Earnings on 17 November and the proposed congressional briefing on 18 November are the next public tests. Nvidia has not yet answered the Powell claims.
MY FORECAST: Nvidia will name an interim or permanent CEO before 31 January 2027. Huang will stay on the board or as an adviser for a short period if he leaves.
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