Nvidia shares slide as board reportedly prepares to remove Jensen Huang

A widening scandal over Huang's personal ties to an alleged Chinese intelligence asset has put the AI chip giant's leadership in question

Nvidia’s biggest problem this week has nothing to do with chips. It has to do with the man who has run the company since its founding.

On Wednesday afternoon, The Wall Street Journal reported that Nvidia’s board is preparing to remove CEO Jensen Huang. The report landed minutes after The New York Times published new allegations about Huang’s personal conduct. Shares fell approximately 8% in after-hours trading on November 11.

How the scandal unfolded

The trouble started with a name: Alice Huang. She is a former executive at Megaspeed, and US intelligence officials believe China’s Ministry of State Security recruited her to spy on Nvidia.

Jensen Huang had close personal ties to her. On November 8, 2026, he acknowledged in a memo to employees that he had been unfaithful to his wife.

Nvidia’s board then opened an independent investigation. Its core question is whether Huang was a target of foreign intelligence.

Former acting US Attorney Joon Kim is leading that probe. Nvidia has said it found no evidence that national security or corporate secrets were compromised.