The key facts

  • NYT, citing five Nvidia employees, reported a relationship between Jensen Huang and vice president Kimberly Powell
  • In March, the pair was allegedly caught on video at a hotel in California, but the journalists did not see the video itself
  • The board of directors is ready to discuss removing Huang; Nvidia shares fell 8.6% to $158.75

New information about the Nvidia CEO's personal life

Nvidia CEO Jensen Huang is having an extramarital relationship with company vice president Kimberly Powell. The New York Times reported this, citing five current and former Nvidia employees. According to the outlet's sources, in March, at an Nvidia conference in California, Huang and Powell were caught on video at one of the hotels — in the recording they allegedly 'showed tenderness toward each other.' At the same time, NYT journalists emphasized that they had not seen the recording itself.

Who is Kimberly Powell

Powell has worked at Nvidia since 2008, and since 2017 has held the position of vice president for healthcare products. She is responsible for the development of medical technologies and scientific research.

Second scandal in a row and market reaction

This is not the first such story surrounding Huang. Earlier, a relationship was reported with Alice Huang, head of the Singapore-based company Megaspeed (they share the same surname). US intelligence agencies consider her an agent of China's Ministry of State Security; however, the Chinese side denies the fact of espionage against the Nvidia CEO. An independent investigation has been launched at the company, and sources at The Wall Street Journal suggest the conflict may end with a change of CEO.

What is happening with the board of directors and the shares

Against the backdrop of a series of scandals, Nvidia's board of directors is ready to consider the question of removing Jensen Huang from the position of CEO. Meanwhile, the company's shares on the Nasdaq exchange fell by 8.6%, and the price of each share dropped to $158.75.