A week ago, the question was whether Nvidia’s stock could survive a scandal. Now the question is whether its CEO can survive the week.

The Wall Street Journal reported on Wednesday that Nvidia’s board is preparing to oust founder and CEO Jensen Huang, and that directors could meet as soon as Wednesday to decide his future. The report, relayed by Cointelegraph, lands days after Huang admitted to an extramarital affair and the board opened an independent investigation into national security concerns. The market did not wait for the meeting: Nvidia shares fell 8% to $159.76 in after-hours trading, wiping out a 2.9% gain from the regular session.

Two affairs, one board, zero patience left

The Journal’s report follows two separate revelations. The first involves Alice Huang, an executive at Singapore-based data company Megaspeed — a major Nvidia customer — whom US officials believe is a spy for Beijing. Megaspeed reportedly bought $4.8 billion in Nvidia chips over the last two years, and the US and Singapore have both investigated the firm over suspicions it was routing chips to China.

The second, reported Wednesday by the New York Times and picked up by TechCrunch, involves Kimberly Powell, Nvidia’s vice president of health care, who reports directly to Huang. According to the Times, the two were captured on film “being affectionate” at a hotel during a conference earlier this year. Neither Nvidia, Huang nor Powell has confirmed that report.

Huang himself has confirmed the first part. On Sunday, he wrote to employees that he was unfaithful to his wife, apologized for breaching their trust, and said the board had launched an independent investigation into the national security concerns raised in news reports. He pledged to cooperate fully and said he remained committed to the company.

Washington is watching, too

The affair has stopped being a boardroom story. Three Republican committee chairmen have asked Huang to appear for a closed-door briefing, and House China committee Chairman Moolenaar said Wednesday that if Huang does not agree, he will likely be subpoenaed. President Trump, meanwhile, weighed in on Sunday and said Huang should remain chief executive, calling him a “fine person.”

Investors are caught between those two poles. Wall Street futures fell on Wednesday night — Nasdaq 100 futures down 1%, S&P 500 futures down 0.4% — with Nvidia leading the slide. The contrast with the regular session could hardly be sharper: the S&P 500 gained 1.3% and the Nasdaq 1.6% on Wednesday, while Nvidia gave it all back after the bell.

Huang co-founded Nvidia in 1993 and turned it into the dominant supplier of AI processors on the planet. Removing him would be the biggest leadership change in the company’s history — and the strangest, decided not by a product failure or a missed quarter, but by a scandal that started with a chip sale and ended in a boardroom.

The board has not announced a decision. The market, as usual, has announced its opinion first.

The Bit Take: Nvidia spent three decades building the chips that run the AI boom, and one week discovering that no moat protects a CEO from his own inbox. If the board moves, the most valuable company in AI gets a new boss — and the rest of us get a reminder that in 2026, the biggest risk to a trillion-dollar stock can be entirely human.

  • Cointelegraph, “Nvidia preparing to oust CEO Jensen Huang after affairs: WSJ” (2026-11-11)
  • TechCrunch, “The unfolding Jensen Huang scandal: a timeline” (2026-11-11)
  • Investing.com, “Los futuros de Wall St caen mientras Nvidia se desploma por posible destitución de su CEO” (2026-11-12)