Report: Nvidia is preparing to oust CEO Jensen Huang after admission to affair with alleged Chinese spy

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CEO Jensen Huang has been under intense pressure following his confession to infidelity, and it appears he is poised to lose his grip on the company he co-founded in 1993.

Nvidia is preparing to remove chief executive Jensen Huang, an ouster that follows his admission to having an extramarital affair with a woman U.S. intelligence officials deemed to be a Chinese spy. The decision by the $4 trillion chipmaking giant, reported by the Wall Street Journal on Wednesday, would deal a swift end to Huang’s 33-year reign as CEO and promises to send shockwaves throughout the technology industry and upend America’s race in artificial intelligence.

The Journal reported that Nvidia’s board could meet as soon as Wednesday to determine his fate. On Wednesday, the New York Times reported that Huang had also had an extramarital relationship with Kimberly Powell, the company’s vice president of health care. Powell could not immediately be reached for comment.

In after-hours trading, the stock was down more than 9%. According to LinkedIn, Powell has been with Nvidia for nearly two decades and previously spent 10 years in AI business development. Nvidia describes her as formerly leading the company’s higher education and research business, alongside Nvidia AI labs.

Huang’s long-term future with the company is not immediately clear. On Sunday, Huang acknowledged being unfaithful to his wife, and Nvidia announced an investigation into the reports that he had been targeted by a foreign intelligence effort. At the time, the board said it had “no reason to believe that either national security or NVIDIA secrets were compromised,” but that its inquiry would examine “all available information.”

Huang co-founded Nvidia in 1993 and has been integral to the company’s success, particularly its magnificent run in recent years. For fiscal 2026, which ended in January, the company reported revenue of $215.9 billion, up 65% over the prior year. Growth accelerated in the first half of fiscal 2027, with stratospheric revenue of $96 billion, up 85% year over year.

Huang reigns supreme over the company. Since its founding, he has created a unique structure in which he sits at…

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