NVIDIA shares fall after rumors that Jensen Huang had an extramarital affair with a executive who reported to him
The Block
1h ago
Ai Focus
According to five individuals who have worked at NVIDIA, NVIDIA CEO Jensen Huang had an extramarital affair with a senior executive who reported to him. NVIDIA's board of directors has launched an investigation into this matter this month, and NVIDIA's stock price fell temporarily after the market closed.
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According to five individuals who have worked at NVIDIA, Jensen Huang, the CEO of NVIDIA, also had an extramarital affair with a senior executive who reported to him.

NVIDIA shares fell more than 3% after the market closed.

The previously unreported romantic partner is Kimberly Powell ( Kimberly Powell ), the vice president of healthcare at NVIDIA. According to NVIDIA's code of conduct, employees are required to "avoid situations where our actions may cause conflicts," including "personal relationships," and the company states that it "will promptly investigate reports of inappropriate behavior." Many companies have policies that prohibit romantic relationships between managers and subordinates.

According to two individuals who have worked at NVIDIA, Jensen Huang, who is 63 years old, and Powell, who is 48 years old, were caught in an intimate moment at a hotel in San Jose, California during a NVIDIA conference in March.

Jensen Huang and Powell are both married.

Jensen Huang co-founded NVIDIA in 1993 and built it into the leading supplier of artificial intelligence chips, but he is now facing increasingly strict scrutiny.

This month, after Jensen Huang admitted to having an extramarital affair, NVIDIA's board of directors launched an investigation into the matter, which was led by the law firms of Wachtell, Lipton, Rosen, and Katz. Leaders of three influential Republican committees in the House of Representatives also requested that Jensen Huang attend a closed-door briefing to explain his relationship with a woman named “Alice Huang”.

On Wednesday, when a journalist contacted Jensen Huang by phone to ask about his relationship with Powell, Jensen Huang said, “I don’t think you should talk to me directly.” Afterwards, he hung up the phone.

NVIDIA refused to issue a statement. Powell did not immediately respond to requests for comment.

These five individuals stated that the relationship between Jensen Huang and Powell has been discussed within the company.

Powell joined NVIDIA in 2008. According to the company's website, she is responsible for overseeing the application of NVIDIA's chip technology in higher education and healthcare, particularly in projects related to medical imaging equipment.

Powell rose through the ranks at NVIDIA. According to her LinkedIn profile, she was promoted to Senior Director of Artificial Intelligence Business Development in 2016. By the end of 2017, she was appointed Vice President of Healthcare. She attends technology conferences around the world and delivers speeches on behalf of the company.

In March this year, Powell attended NVIDIA's annual developer conference GTC held in San Jose, where she discussed how to use artificial intelligence to drive breakthroughs in the fields of healthcare and biology. Her presentation featured the cartoon character of Jensen Huang.

During the conference, NVIDIA executives held a meeting at a nearby hotel. Someone observed Jensen Huang and Powell engaging in intimate behavior within the hotel. Three individuals familiar with the incident stated that a bystander captured this interaction on their mobile phone.

These individuals stated that Jensen Huang's security staff noticed that the bystander was carrying a mobile phone and took him away. The security staff made an offer to him to sign a confidentiality agreement.

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