Nvidia Board Prepares to Oust CEO
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Shares of Nvidia fell more than 9% in after‑hours trading on Wednesday after The Wall Street Journal reported that the company’s board is preparing to oust CEO Jensen Huang.
The news landed minutes after The New York Times reported that Huang had an extramarital relationship with another executive at the company.
Nvidia’s board is preparing to meet as soon as Wednesday to determine Huang’s future at the company, according to the Journal.
The alleged relationship was with Kimberly Powell, vice president of health care at Nvidia.
Powell’s bio on the Nvidia website says she is responsible for the company’s worldwide healthcare business, including hardware and software platforms for accelerated computing, AI, and visualization that power the ecosystem of medical imaging, life sciences, drug discovery, and healthcare analytics.
More context
Timeline
- On November 11 2026 Wall Street Journal reports board preparing to oust CEO.
- On November 11 2026 New York Times reports CEO affair with executive.
- On November 11 2026 Nvidia shares fall more than nine percent after report.
- On November 11 2026 Nvidia hires law firm to investigate spying allegations.
Why it matters
Immediate US impact: Nvidia stock decline may affect investors and employees Possible long-term US impact: Potential leadership changes could influence AI market dynamics Most affected groups: Investors, employees, and AI technology partners Reader priority: Understanding board actions and CEO conduct
Coverage notes
Center: Coverage from reuters.com, shiftdelete.net, CBS News frames this as a developing news story: Nvidia Board Prepares to Oust CEO. Reporting emphasizes verified facts, named sources, and near-term impact for readers. Left: Left-leaning desks covering the same development typically emphasize public impact, institutional accountability, and who is most affected. Right: Right-leaning desks covering the same development typically emphasize practical outcomes, market or security stakes, and institutional response.
Primary report
CNBC — Nvidia Board Prepares to Oust CEO
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
