Nvidia 'prepares to oust' CEO Jensen Huang as he's 'caught in another scandal'

Nvidia 'prepares to oust' CEO Jensen Huang as he's 'caught in another scandal' Jensen Huang had co-founded the chipmaker in April 1993 and oversaw its rise as one of the most valuable companies in the world. He has been praised by US President Donald Trump for his work on "superintelligence". The board of one of the world's biggest artificial intelligence companies is preparing to sack its chief executive, according to reports. Nvidia boss Jensen Huang has been put into the spotlight after two alleged extramarital affairs that may have jeopardised the multi-trillion-dollar company. Mr Huang's departure would end an era in which he stoked the global AI boom, but was also riddled with scandal over his alleged affairs: one with a suspected Chinese spy and another alleged to be with an employee. The 63-year-old AI boss confessed in a memo to his staff on Sunday to carrying out an affair with a Chinese entrepreneur. She had been under investigation for allegedly passing information to Beijing. The board was planning to meet as soon as Wednesday to determine his future. Mr Huang co-founded the chipmaker in April 1993 and oversaw its rise as one of the most valuable companies in the world. He has been praised by US President Donald Trump for his work on "superintelligence". Five people who worked at the chipmaker have told the New York Times that Mr Huang had a relationship with Kimberly Powell, 48, Nvidia's vice president of healthcare. The alleged affair would have violated the company's code of conduct. After reports broke, Nvidia's shares plunged about eight percent in after-hours trading. The stock has lost more than $300 billion in market value since news of the affair with alleged Chinese spy Alice Huang broke, The Mail reports. Nvidia's board had already launched an investigation into Mr Huang's affair with the alleged Chinese spy, Megaspeed founder Alice Huang. It is unclear when the two struck up a relationship, but reports detail how she would boast about how close they were as early as June 2024. In early 2025, Ms Huang pitched an AI chips deal to Chinese-based investors, touting her ability to secure Nvidia's graphics processing units and her commercial relationship with Alibaba. She had sought their investment for a southeast Asia data centre project worth several hundred million dollars, but did not disclose her relationship with Mr Huang. In the US, meanwhile, officials were briefed that Ms Huang was working for Beijing's Ministry of State Security as part of an effort to learn about American-made AI chips and possibly persuade Nvidia to make its most sophisticated semiconductors available in China, according to The New York Times. The US officials noted that the Megaspeed founder speaks English well and has relationships with executives at the highest levels of the AI chip industry. Separately, Washington was investigating Megaspeed over concerns it may have been involved in smuggling hardware to China – prompting the government to ask Nvidia to audit the firm last year. In its initial report, the chipmaker said the hardware was fully accounted for, but records obtained by Bloomberg News show that Megaspeed had imported 50,000 more chips than Nvidia found in its data centres. Nvidia then pledged in December 2025 to visit Megaspeed's data centres again, It is not clear whether this occurred.. Amid the scandal, both Nvidia and Mr Huang were sued on Monday by shareholders. The action accused the defendants of misleading shareholders about the affair before it caused Nvidia shares to dip 4.3 percent by close on Monday, reducing the company's market capitalization by approximately $190 billion.