💼 Nvidia Board Prepares to Oust Jensen Huang
According to the Wall Street Journal, the board is preparing to oust the CEO and co-founder (63); a meeting may take place as early as November 11. The trigger is reports of two extramarital affairs: with a woman whom US intelligence considers a PRC agent, and with Nvidia Vice President Kimberly Powell, who reports directly to Huang. An independent investigation has been underway since November 8.
🌍 Huang is a central figure in the AI market: he has approximately 60 direct reports, with no COO or succession plan. Shares are falling by 7–8%, and market capitalization has lost hundreds of billions.
👤 There is no obvious successor: CFO Colette Kress is among those named as a possibility. The investigation is estimated to take 4–6 weeks and creates an "overhang" over shares and the AI hardware supply chain.
Source 1: https://nvidianews.nvidia.com/news/statement-from-nvidia-board-of-directors Source 2: https://fortune.com/2026/11/11/nvidia-oust-jensen-huang-spy-affairs/