Nvidia live updates: Stock tanks after new affair allegations, board reportedly preparing to oust Jensen Huang Yahoo Finance Updated Wed, November 11, 2026 at 7:44 PM EST 2 min read NVDA -5.89% 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.
Nvidia (NVDA) stock tanked in after-hours trading following a report from the New York Times that embattled Nvidia (NVDA) CEO Jensen Huang was allegedly involved in a second extramarital affair.
The company's board is reportedly meeting to determine if it will oust Huang as chief executive, the Wall Street Journal reports.
According to the report, Huang, whose relationship with a woman alleged to be a Chinese spy has embroiled the company in scandal this week, also had a relationship with Nvidia executive Kimberly Powell.
Nvidia stock fell in after-hours trading following the report.
The Times report says that Huang and Powell were seen being affectionate at a hotel during a company conference in March.
Huang is already under investigation for an affair with Alice Huang, an alleged Chinese spy. The CEO admitted the affair in a memo to employees.
"I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry," Huang wrote.
The Information reported on Tuesday that Alice Huang is believed to be involved in a network of Chinese companies that facilitated the shipment of $7.5 billion in chip sales to China.
Given the size and importance of Nvidia in the stock market today, the revelation marks one of the biggest CEO-personal conduct scandals in history. It also highlights Nvidia's key-person risk and uncertain succession plan as questions swirl about whether the board will ask Huang to step down.
The news has drawn immediate and varied reactions from leaders ranging from the US president to other CEOs. President Trump stood by Huang, calling him "an honorable guy," but other members of the president's party are expected to put more scrutiny on the company.
Trump also stated on Monday that the FBI was looking into Huang's relationship.
In a statement on Sunday, Nvidia's board said it has "no reason to believe that either national security or Nvidia secrets were compromised."
Follow along for live updates and reactions.
As the revelation of Jensen Huang's second affair unfolds, it's worth remembering he's also on a deadline to respond to a closed hearing request from House Republicans over his affair with Megaspeed executive Alice Huang.
If he does not comply, Huang risks facing a subpoena, House Foreign Affairs Committee Chairman Brian Mast said earlier this week.
"If he doesn't agree to that or submit an additional date, I believe there will likely be subpoenas for him to appear," House China Committee Chairman John Moolenaar, who is among the lawmakers requesting Huang's presence, told Fox Business.
Nvidia (NVDA) CEO Jensen Huang is in the hot seat … but he may not be in the CEO seat for much longer. The company's board is reportedly meeting to determine if it will oust Huang as chief executive, the Wall Street Journal reports.
According to the NYT on Wednesday, Huang, whose relationship with a woman alleged to be a Chinese spy has embroiled the company in scandal this week, also had a relationship with Nvidia executive Kimberly Powell, one of Huang's 60 or so direct reports.
She has been working at Nvidia for more than 18 years.
She was promoted to vice president of Nvidia's healthcare business in 2017.
She joined Nvidia in 2008 as a business development employee focused on higher education and healthcare. Her LinkedIn profile says the role was to, "Drive worldwide evangelism & go-to-market strategy for NVIDIA's visual computing platforms in Higher Education & Healthcare Industries. Manage and direct virtual teams to discover emerging markets and build strategic technology partnerships with leading universities and Fortune 100 healthcare companies."
She is a Boston University graduate and started her career as a hardware engineer in 1999.
Her last post on LinkedIn came about a month ago: "Autonomous AI agents need secure sandboxes and continuous monitoring. NVIDIA Open Agent Safety Platform brings the global ecosystem together to build safe AI. Let's build it together—for every industry."
Nvidia (NVDA) stock sank 7% in after-hours trading, signaling investor concern over the latest developments surrounding CEO Jensen Huang.
The reaction came after The Wall Street Journal reported that Nvidia's board is preparing to oust Huang following reports of two extramarital affairs, including one involving a woman reportedly suspected of being a Chinese spy.
Still, some Wall Street analysts argue that a leadership change would not necessarily derail Nvidia's underlying business.
"I think the market needs to separate leadership crisis from Nvidia's actual business because Blackwell demand, the Rubin roadmap, networking expansion, and CUDA ecosystem were already firmly established long before this fiasco," said Shay Boloor, chief market strategist at The Futurum Group.
"I don't see the next 12 to 18 months of revenue suddenly disappearing if Jensen were to leave," he added.
According to Bloomberg, Nvidia is working with an external firm to explore potential replacements for Jensen.
Yahoo Finance's executive editor Brian Sozzi's take on news of Nvidia CEO's second extramarital affair.
Moor Insights & Strategy chief analyst Patrick Moorhead told Yahoo Finance on Wednesday that the risk of Nvidia CEO Jensen Huang being ousted is now high.
Moorhead says the initial disclosure of the first affair put pressure on the company's board, but the fact that the latest revelation involves an employee raises the stakes.
According to The New York Times, Huang, whose relationship with a woman alleged to be a Chinese spy has embroiled the company in scandal this week, also had a relationship with Nvidia executive and Huang direct report Kimberly Powell.
He noted that Intel's board ousted former CEO Brian Krzanich for having a relationship with an employee and failing to disclose it.
Removing Huang doesn't pose short-term risk to Nvidia, Moorhead said, explaining that the company's roadmap is already set for years to come.
Long-term, however, he says Nvidia has no planned successor and that because its structure is built around Huang, there is potential execution risk.
According to The Wall Street Journal, Nvidia's board is preparing to oust CEO Jensen Huang after reports of two extramarital affairs, including one with a suspected Chinese spy.
The board is preparing to meet as soon as today to determine his future, people familiar with the matter told the paper.
Embattled Nvidia (NVDA) CEO Jensen Huang was allegedly involved in a second extramarital affair.
According to The New York Times, Huang, whose relationship with a woman alleged to be a Chinese spy, also had a relationship with Nvidia executive Kimberly Powell.
Nvidia stock fell in after-hours trading following the report.
The Times report says that Huang and Powell were seen being affectionate at a hotel during a company conference in March. Read more.
Go deeper with AlphaSpace 173.73 +4.93 (+2.92%) At close: November 11 at 4:00:00 PM EST 158.85 -14.88 (-8.56%) After hours: 7:55:20 PM EST Wed, November 11, 2026 at 2:47 PM UTC Brian Sozzi 'Icarus' rise and fall': Analyst downgrades Nvidia stock amid Jensen Huang woes, highlights risks Let Wall Street analyst downgrades begin on the once-untouchable Nvidia (NVDA) stock in the wake of CEO Jensen Huang's high-profile affair.
Baird analyst Tristan Gerra cut his rating on Nvidia to Neutral on Wednesday in a note titled "Icarus' Rise and Fall; Company Will Be Fine."
"Downgrading to Neutral until uncertainties regarding U.S. government action likely resulting from the upcoming congressional hearing are lifted, U.S. government investigations reach their conclusions, revenue impact from risk channel near-term adjustments along with potential charges is quantified, and uncertainties around CEO tenure clear," Gerra wrote. Read more.
Rep. Brian Mast, the Republican chair of the House Foreign Affairs Committee from Florida, told ABC News on Tuesday that he's prepared to issue a subpoena to Nvidia CEO Jensen Huang over Huang's affair that's believed to have involved a Chinese spy.
Republicans, including Mast, Select China Committee chair Rep. John Moolenaar, and House Permanent Select Committee on Intelligence chair Rep. Rick Crawford, sent a letter to Huang, requesting that he attend a closed-door briefing on his relationship with Megaspeed executive Alice Huang, who is believed to work for China's government intelligence service.
"Recent reports raise significant national security concerns regarding the PRC's access to sensitive U.S. technology and information," the letter stated. "The issue of PRC infiltration and access to cutting-edge U.S. technology is core to the investigative work of our three committees this Congress. It is vital that Congress determines the extent to which U.S. national security has been placed at risk."
Jensen Huang has until Nov. 11 to respond and set a date for the closed hearing. If Huang doesn't respond, Mast said he could be subpoenaed.
President Trump was reportedly told aboard Air Force One in May that US intelligence showed Nvidia CEO Jensen Huang was in a relationship with a woman believed to be a Chinese spy, according to a New York Times report published on Tuesday afternoon.
The outlet, citing people familiar with the matter, said Secretary of State and national security adviser Marco Rubio delivered the warning shortly before Huang joined Trump's trip to Beijing. Huang joined the trip to China with other tech titans, at the last minute at Mr. Trump's invitation.
The report marks at least the second time in seven months that Trump was briefed on intelligence concerning Huang and the woman.
Nvidia (NVDA) stock hovered near session lows, dropping more than 6% after falling 4% in the prior session. The stock came under pressure amid a broader market sell-off and growing concerns about increased scrutiny of the chipmaker following CEO Jensen Huang's admission to an affair believed to involve a woman suspected of being a Chinese spy.
Scrutiny centers on Alice Huang, whom the US government reportedly identified as a Chinese intelligence asset, and her ties to Nvidia CEO Jensen Huang dating back to at least 2023
According to two people who know her and corporate records reported by The Information, their rapport helped facilitate the shipment of at least $7.5 billion worth of Nvidia chips through Chinese companies.
Go deeper with AlphaSpace 173.73 +4.93 (+2.92%) At close: November 11 at 4:00:00 PM EST 158.85 -14.88 (-8.56%) After hours: 7:55:20 PM EST Tue, November 10, 2026 at 3:26 PM UTC Yahoo Finance AI chip exports to China and oversight bills gain momentum in Congress Yahoo Finance breaks down several bills before Congress to limit AI chips.
Yahoo Finance's Brian Sozzi weighs in on why analysts are largely silent on Nvidia amid CEO scandal.
The Information reported on Tuesday that Nvidia (NVDA) CEO Jensen Huang's relationship with alleged spy Alice Huang dates back to 2023 and enabled Chinese companies to acquire $7.5 billion worth of Nvidia chips.
According to the report, Alice Huang, her sister, and her husband built a web of companies in China and Singapore to acquire Nvidia chips. One of those companies at the center of the network is Shanghai Century Litong, a company based in China that was added to Nvidia's list of preferred cloud partners.
When the US banned the export of Nvidia's most powerful chips to China, Alice Huang helped secure 240,000 chips from distributors in China, including H100, H200, and A100 chips, according to the report.
Century Litong said the company obtained Nvidia's preferred cloud partner qualification through compliant channels.
"All business resources of our company are obtained in compliance with applicable laws and regulations," the company told The Information. "Our company has no business dealings with Ms. Huang."
Jensen Huang was Washington's loudest voice against cutting China off from American chips, and his spy scandal is now the hawks' best argument. Meanwhile, the Commerce Department hasn't added a single company to its export ban list in 13 months.
The Nvidia (NVDA) CEO admitted Sunday to an affair with Alice Huang, whom US intelligence officials believe worked for China's Ministry of State Security. Nvidia stock fell about 4% Monday, even as chip stocks (^SOX) jumped nearly 7%. That was Nvidia's worst day during a 5%-plus chip rally since Oct. 28, 1999, months after it went public.
The list in question is Commerce's Entity List. Companies on it need a US license to buy American technology, and those licenses are rarely granted. Commerce added 170 names in 2025 and 366 the year before. It hasn't added one since Oct. 9, 2025, by Yahoo Finance's count.
On Monday, Commerce extended its pause on a rule that would stretch those limits to companies majority-owned by listed firms. But only by two months, to Jan. 10, a week after a new Democratic Congress is sworn in.
"I think Commerce Department is going to batten down the hatches, and they're going to enforce export controls in a way that they weren't doing it before," Isaac Stone Fish, CEO and founder of Strategy Risks, told Deirdre Bosa on Monday.
A big valuation haircut could be coming to what was once the world's most valuable company by market cap, Nvidia (NVDA), if newly embattled CEO Jensen Huang is forced to leave.
"We believe if Jensen was removed as CEO, Nvidia is worth a lot less (25%-30%) as a company/stock and would change the future direction of the company and create a dramatically different competitive environment around AI GPUs both in the US and globally especially for China," Yorkville Ives partner and veteran tech analyst Dan Ives said on Tuesday.
Nvidia stock fell 4.27% on Monday as a dark cloud settled over Nvidia and its once-Teflon CEO's future. Shares fell slightly in pre-market trading on Tuesday.
Added Ives, "Jensen is the core DNA of Nvidia and its AI success and ambitions are heavily tied to him staying on as CEO. Jensen is not replaceable..there is no other person on the management team bench that can step in seamlessly as CEO and that speaks to the key man risk now with Nvidia that investors will factor this dynamic to the stock."
If the Wall Street analysts who power consensus estimates are concerned about Nvidia (NVDA) CEO Jensen Huang's shocking affair with an alleged Chinese spy, they sure aren't showing it.
In its earnings preview on Nvidia (NVDA) released Monday at 5 a.m. ET, Goldman Sachs analyst James Schneider didn't mention the issue once, even though it erupted over the weekend.
Citi analyst Atif Malik offered no opinion on the matter in a note out Tuesday, beyond outlining what investors are thinking.
"For investors, key issues are likely potential governance implications, increased regulatory scrutiny and export-control compliance of the flow of H200 chips into China (
