Multiple news organizations reported on November 11, 2026 that the board of NVIDIA was meeting that evening to decide whether to remove founder and CEO Jensen Huang. Lauren Feiner of The Verge wrote that the board was preparing to dismiss Huang and would meet as soon as that day to decide his future at the company, citing The Wall Street Journal, and that NVIDIA did not immediately respond to a request for comment. A source familiar with the matter told Reuters the directors were meeting late Wednesday to decide whether to oust him. Miriam Waldvogel and Nancy Cook of The Washington Post, citing two people familiar with the matter, likewise said the board would meet to weigh Huang's future.
The reported meeting would mark a clear change from November 8, when the NVIDIA Board of Directors issued a first-party statement opening an independent investigation after reporting that Huang had been the target of a foreign intelligence effort. In that statement the Board said it had no reason to believe national security or NVIDIA secrets were compromised, that Huang fully supported the review, and that the Board had confidence in Huang and his leadership team. Reuters noted that NVIDIA has 11 directors, considers all but Huang independent, and that under the company's bylaws he can be removed with or without cause by a majority vote of the directors.
Coverage of the gathering followed a New York Times report published Wednesday and written by Ryan Mac, Tripp Mickle, and Georgia Gee. The Times said Huang had also had an extramarital relationship with Kimberly Powell, NVIDIA's vice president of healthcare, who reports to him. It cited five people who worked at the company and said two of them described video of the pair being affectionate at a hotel in San Jose, California, during NVIDIA's GTC conference in March. The Times said it has not seen that video. When a reporter reached Huang by phone and asked about the relationship, he said, "I don't think you should be talking to me directly," and hung up, the Times reported. Reuters said NVIDIA and Powell did not immediately respond to requests for comment and that Reuters could not immediately verify the Times account. Lucas Ropek of TechCrunch and Ashley Capoot of CNBC also reported the Times story.
The earlier board inquiry followed Huang's November 8 memo to employees, in which he acknowledged being unfaithful to his wife, amid previous reporting about a relationship with Alice Huang, a businesswoman whom some U.S. officials have alleged was a Chinese intelligence asset. NVIDIA's November 8 statement did not confirm those intelligence allegations, and they remain attributed to earlier reporting by The New York Times and the Financial Times. This account treats those spy claims as unconfirmed and does not present them as established fact.
NVIDIA shares fell more than 8 percent in after-hours trading after The Wall Street Journal first reported that the company was preparing to fire Huang, according to Reuters, The Verge, Amanda Silberling at TechCrunch, CNBC, and Semafor. Rohan Goswami and Brendan Ruberry of Semafor wrote that some board members favor appointing Chief Financial Officer Colette Kress as interim chief, that the full board had not yet made a decision, and that the board briefed the White House on the planned meeting, according to a senior administration official. Reuters, citing Bloomberg, said the board has been working with an outside firm to identify potential replacements. Reuters also reported that Huang has no obvious successor, has many direct reports, and that the company's quarterly results are due on November 17.
As of late Wednesday evening, NVIDIA had not issued a new official statement and had not confirmed that Huang would be removed. Semafor and Reuters both described a meeting whose outcome had not been announced. Early November 12 reporting said the board had still not released a statement late Wednesday. The corroborated development is therefore a widely reported plan to meet and consider Huang's position, not a completed ouster.