Nvidia board weighs Huang’s future as corporate and espionage scrutiny intensifies

Nvidia’s board is reportedly considering whether to remove chief executive Jensen Huang following a second set of affair allegations against the company’s long-time leader. Cryptopolitan, citing reporting in The New York Times, said some people who have worked at the chipmaker alleged that Huang had a relationship with Kimberly Powell, who runs Nvidia’s health-care business. Both executives are married, according to Cryptopolitan’s account of the allegations.

The review comes after The Wall Street Journal reported that directors were preparing to decide whether Huang should continue leading Nvidia. Cointelegraph said the possibility of Huang’s departure followed the New York Times report concerning a second alleged extramarital affair, while The Block characterized the Wall Street Journal report as saying the board was preparing to oust him over two affairs. These descriptions point to a leadership decision under consideration rather than a completed dismissal.

All five outlets—Cryptopolitan, Decrypt, BeInCrypto, Cointelegraph and The Block—report that Huang and Nvidia’s board are confronting mounting scrutiny, although they emphasize different parts of the situation. BeInCrypto and The Block report an almost 10% decline in Nvidia shares after hours following the second affair report, and the cross-check confirms that figure in both accounts. Decrypt instead focuses on independent directors hiring Wachtell Lipton to investigate Huang’s alleged ties to a Chinese spy, a separate strand of scrutiny not developed in the other summaries.

The dispute spans allegations about Huang’s personal conduct and governance questions surrounding the executive who has led Nvidia for 33 years. In addition to the reported review of the two affair allegations, Decrypt says the board’s independent directors have retained Wachtell Lipton for the alleged espionage-related investigation. The supplied coverage does not specify the evidence underlying either matter, and it does not say that Huang has been removed or that the directors have reached a final decision.

Market data shows no clear broad crypto reaction accompanying the corporate news. The total crypto market cap stood at $2.51 trillion, with the overall market flat; Bitcoin was down 0.12% over 24 hours, and the Fear & Greed Index registered 28, indicating fear. Hyperliquid’s HYPE token traded at $71.8, down 0.30% over 24 hours and 13.87% over seven days, while DeFiLlama reported Hyperliquid TVL of $1.73 billion, down 8.8% over seven days. Those figures provide market context but do not establish a direct connection to the Nvidia reports.

The immediate items to watch are whether Nvidia’s directors announce any decision about Huang’s leadership, what conclusions emerge from the independent investigation, and whether the roughly 10% after-hours share reaction persists. The reporting also leaves the status of the allegations unresolved, and the live crypto figures should not be interpreted as evidence that Nvidia’s governance issue caused changes in HYPE, Bitcoin or total crypto market capitalization.