Nvidia Shares Plummet Further on Reports That Board is Preparing to Oust Jensen Huang After New Affair Demian Bio Thu, November 12, 2026 at 6:27 AM EST 3 min read NVDA -7.15% 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 stocks are plummeting on Thursday over reports that the company's board is getting ready to oust CEO Jensen Huang after reports of a new affair.
Company shares were falling almost 7% at 6:19 a.m. in premarket trading. They have fallen more than 23% over the past month.
Jensen Huang had admitted to an affair with Alice Huang, an alleged Chinese spy, on Sunday. China has denied the claims.
As the FBI opened a probe on the matter, Huang sought to continue with his daily activities at the company. But on Wednesday, The New York Times detailed that Huang had another affair with Kimberly Powell, vice president of health care at the company. She reported to Huang.
Analysts told CNBC that, should Huang be effectively removed from his post, the company's stock could fall another 20% as the lack of a clear successor casts doubt on its future.
Huang, 63, oversees Nvidia's strategy, product development and relationships with major technology customers. His role has become particularly important as demand for AI chips has surged among companies building data centers.
Among Nvidia's senior executives, Chief Financial Officer Colette Kress is one of the most familiar names to investors.
Kress has held the position since September 2013 and regularly represents Nvidia during earnings calls and investor conferences. She previously held senior finance positions at Microsoft, Cisco and Texas Instruments and has helped oversee Nvidia's finances through the rapid expansion of its data-center business.
Her experience is primarily in finance rather than chip design or engineering, although she is among the company's longest-serving senior executives.
Other members of Nvidia's executive leadership team include Nick Parker, executive vice president of worldwide field operations; Debora Shoquist, executive vice president of operations; and Tim Teter, executive vice president and general counsel.
Parker joined Nvidia in August 2026 after 26 years at Microsoft, where he most recently served as executive vice president and chief business officer of worldwide sales and solutions.
Shoquist, who joined Nvidia in 2007, oversees manufacturing, supply chains and logistics. Teter, a former engineer who joined the company in 2017, leads its legal operations.
Another senior figure is Ian Buck, a longtime Nvidia executive who helped develop CUDA, the computing platform central to the company's AI business.
Buck has been mentioned in outside discussions of potential successors because of his technical background and experience leading Nvidia's accelerated computing operations. The company, however, has not publicly designated him or any other executive as Huang's replacement.
Unlike many large corporations, Nvidia operates with a relatively flat management structure, giving Huang direct access to senior technical executives rather than relying on multiple layers of management.
During a March 2026 appearance on the Lex Fridman Podcast, Huang said more than 60 executives report directly to him, including specialists working on memory, networking, graphics processors and central processing units.
Huang also owns approximately 3.6% of Nvidia, making him one of its largest individual shareholders. He does not, however, hold special voting shares that would give him independent control over board decisions.
