Nvidia board convenes to consider removal of CEO Jensen Huang amid affair allegations
+9 new sources since this summary was written
The board of Nvidia scheduled a meeting on 11 Nov 2026 to decide whether to dismiss CEO Jensen Huang after reports of two extramarital relationships, one involving a person linked to Chinese intelligence. The board has the authority to remove him with a simple majority of its 11 directors. In parallel, the company hired a top law firm to examine any possible impact on its business, and sources say CFO Colette Kress could be named interim chief. The news triggered an after‑hours sell‑off that erased roughly $600 billion of market value.
Why it matters
Analysts note that the uncertainty over leadership creates a key‑person risk that could depress Nvidia’s share price and affect funds that hold a large exposure to the stock. The upcoming earnings release on 17 Nov will be the first test of whether the controversy has material consequences for revenue and guidance (the company’s own filing notes the earnings date).
Key facts
- 1Nvidia’s board set a meeting for late Wednesday, 11 Nov 2026, to vote on Huang’s future. channelnewsasia.com
- 2Under the company’s bylaws, a director can be removed with or without cause by a majority of the 11‑member board. channelnewsasia.com
- 3The stock fell more than 8 % in extended trading after the Wall Street Journal report, wiping out about US$600 billion in market value. spokesman.com
- 4Nvidia engaged law firm Wachtell, Lipton, Rosen & Katz to conduct an internal probe of the matter. finance.biggo.com
- 5Sources say CFO Colette Kress is being considered as interim CEO. semafor.com
- 6The company will report quarterly results on 17 Nov 2026. channelnewsasia.com
Open questions
- Some reports cite an 8 % drop while others mention an 8.6 % decline in after‑hours trading.
Summary written by AlphAI AI Desk from 20 of 109 sources. Not investment advice. Figures are as stated by the linked sources.