Jensen Huang, founder and CEO of NVIDIA. // Source : Capture video Nvidia

The board of directors of Nvidia is preparing to oust Jensen Huang

Jensen Huang, co-founder and face of the company, could therefore be fired from his CEO position by the board of directors of Nvidia. According to the Wall Street Journal, the board of directors was supposed to meet as early as this Wednesday, November 11, to decide its fate, without waiting for the conclusions of the internal investigation. Nvidia has lost more than 450 billion dollars (about 390 billion euros) in market valuation since the announcement of the investigation, and the stock price fell further after Wednesday's closing.

According to Bloomberg, the board of directors is already working with an external firm to find a successor, and plans to appoint an interim CEO by then. Jensen Huang, who admitted his infidelity without naming Alice Huang, has not confirmed anything about Kimberly Powell. There would, however, be video evidence of the alleged affectionate relationship between the two individuals.

Nvidia has no designated successor. Jensen Huang has been leading the company since its founding in 1993, and about sixty executives report directly to him. Replacing Jensen Huang would be even more risky as he embodies the successful shift of Nvidia towards artificial intelligence. Under his leadership, Nvidia transitioned from a graphics card manufacturer to the top chip supplier for AI, and its market capitalization soared. Nvidia is among the world's most highly valued companies, alongside Apple and Microsoft. The Jensen Huang affair weakens its position.

The suspicion of espionage weighs even more heavily on Nvidia. Alice Huang led Megaspeed, a Singapore-based cloud company, which became one of Nvidia's largest clients with some 4.8 billion dollars (about 4.1 billion euros) worth of hardware purchased. U.S. authorities have suspected her since 2024 of helping China circumvent export restrictions on chips, which Megaspeed denies.