Nvidia Directors Reportedly Consider Ousting CEO Jensen Huang, WSJ Reports Editorial Staff Wed, November 11, 2026 at 6:55 PM EST 2 min read NVDA -5.33% CRWV +16.52% BTC-USD +0.76% BTC +0.25% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
AI chipmaker Nvidia (NASDAQ: $NVDA) is preparing to oust founder and CEO Jensen Huang after reports that he had two extramarital affairs, the Wall Street Journal reported Wednesday, citing people familiar with the matter. The company hasn't confirmed the report.
The Journal said directors could meet as soon as Wednesday to decide Huang's future. Nvidia shares fell about 8% in after-hours trading on the report. The company's chips sit at the center of the AI infrastructure being built by CoreWeave (NASDAQ: $CRWV) and by Bitcoin (CRYPTO: $BTC) miners moving into AI computing.
According to the Journal, one of the relationships was with a woman U.S. officials reportedly suspect of having ties to Chinese intelligence. Huang acknowledged an affair in a message to staff on Sunday, apologizing for violating his wife's trust, as the board investigates whether he was targeted by a foreign intelligence operation. The New York Times reported earlier Wednesday that he also had a relationship with an Nvidia executive who reports to him, citing a video it said was taken at a San Jose hotel in March.
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The board said Sunday it had confidence in Huang and opened an independent investigation, hiring the law firm Wachtell, Lipton, Rosen & Katz to review the spying allegations. Nvidia did not immediately respond to a request for comment on the Journal's report, and Reuters said it could not immediately verify it. Beijing has dismissed the spying allegations.
The reports have drawn scrutiny from lawmakers and investors over Huang's conduct and over Nvidia's lack of a succession plan. Nvidia has not named a candidate to replace him. Huang co-founded the company in 1993, and it has a market value above $4 trillion.
Shares of Nvidia (NASDAQ: NVDA) are down 7.28% at $161.08 in after hours trading.
