NVIDIA Board Reportedly Preparing to Oust Jensen Huang as CEO Amid Chinese Spy Controversy

Jensen Huang’s position at NVIDIA could be facing its biggest threat yet. Just a day after reports came in regarding shareholder lawsuit against NVIDIA and its CEO, the controversy has taken another turn, which, honestly, everyone saw coming. NVIDIA’s board is reportedly considering removing Huang from his longtime leadership position.

NVIDIA board could decide Jensen Huang’s future

According to a report by The Wall Street Journal, NVIDIA’s board is preparing to oust Huang. The report also revealed that the board met yestesday to decide his future, citing a source familiar with the matter.

The reports follow allegations involving two extramarital relationships. One reportedly involved Alice Huang, a Chinese businesswoman whom US intelligence officials suspect of having links to Chinese intelligence.

The other reportedly involved Kimberly Powell, an NVIDIA executive who reported to Huang. The New York Times reported the second relationship, citing people familiar with the matter. These allegations have not been independently verified.

The situation is quite sensitive because Alice Huang has been linked to Singapore-based Megaspeed. The company previously faced scrutiny over allegations involving restricted NVIDIA AI chips reaching Chinese companies. As we previously covered in our earlier report on the espionage investigation, NVIDIA’s board established an independent committee to verify the allegations.

NVIDIA’s earlier support for Huang now faces a major test

Interestingly, NVIDIA previously backed its CEO. The company said it had confidence in Huang and his leadership team. The board also stated that it had no reason to believe national security or NVIDIA secrets were compromised. Huang pledged full cooperation with the independent investigation.

The stakes extend far beyond NVIDIA’s boardroom. Huang co-founded the company in 1993 and has led its transformation into a central supplier of AI computing hardware. His potential departure could create serious uncertainty for investors and the wider AI industry. NVIDIA also lacks an obvious publicly identified successor, making any leadership transition especially important.

For now, NVIDIA has not officially announced Huang’s removal as CEO. The board’s reported deliberations remain a developing story, and the allegations require careful scrutiny. All we can say at this point is that the future of Jensen Huang as NVIDIA CEO looks bleak.