Jensen Huang, the 63-year-old co-founder and chief executive of Nvidia, faces a decision by the company’s board about his future after admitting to two extramarital affairs, one involving a businesswoman US intelligence officials suspect of spying for China. Nvidia’s board opened an independent investigation on 8 November 2026, and directors met late on Wednesday 11 November to discuss his position.

What is Huang accused of?

Huang has not been charged with any crime. The New York Times reported that US intelligence officials assessed that Alice Huang, a former executive at the Singapore firm Megaspeed, was recruited by China’s Ministry of State Security to gather information connected to Jensen Huang and Nvidia. Beijing rejected the claims as groundless, Nvidia called its contacts routine, and the board said it had no reason to believe secrets were compromised. The Times also reported a second affair with Nvidia executive Kimberly Powell, which Reuters said it could not independently verify.

Why is the board meeting?

The Wall Street Journal reported on 11 November that the board was preparing to remove Huang as chief executive. Under Nvidia’s bylaws he can be removed with or without cause by a majority vote of directors. Nvidia shares fell by more than 8% in after-hours trading after the report, putting about $600 billion of market value at risk, according to Reuters. Huang owns about 3.6% of Nvidia’s stock and has no obvious successor, which is why investors are watching closely.

What happens next?

The independent investigation continues, and the board has not yet confirmed any decision. Three chairs of US House committees have also asked Huang to attend a closed-door briefing on 18 November to explain his interactions with Alice Huang. Until the board acts, Huang remains chief executive.