Nvidia Slides After Reports of a Second Affair and Possible Huang Ouster

Updated November 11, 2026 (U.S. Eastern time).

Nvidia shares fell about 8.2% in after-hours trading Wednesday as new reports raised questions about CEO Jensen Huang’s future. The stock closed at $173.73, and Yahoo Finance reported an extended-hours price of $159.51 in its 6:51 p.m. ET coverage. That price implied a decline of roughly $343 billion in market value from Wednesday’s regular-session close. Yahoo Finance, Reuters.

A second reported affair and questions about Huang’s future

The New York Times reported Wednesday that Huang had a second affair, this time with Kimberly Powell, Nvidia’s vice president of health care and a direct report. The Wall Street Journal separately reported that Nvidia’s board was preparing to remove Huang. Reuters reported that directors were meeting Wednesday evening to decide his future. As of this update, Nvidia had yet to announce a decision on Huang’s role. The New York Times, The Wall Street Journal, Reuters.

File photo of Jensen Huang, May 13, 2024. Peter Dasilva / © European Union. Wikimedia Commons, CC BY 4.0.

The new allegation followed Huang’s acknowledgment of an extramarital relationship with a former executive at Nvidia customer Megaspeed. U.S. intelligence officials reportedly suspected that executive of gathering information for China. On November 8, Nvidia’s board announced an independent investigation and said it had no reason at that point to believe national security or company secrets had been compromised. On November 10, the independent directors said they had retained Joon H. Kim and his law firm, Wachtell, Lipton, Rosen & Katz, to conduct the review. Associated Press, Nvidia’s November 8 statement, Nvidia’s November 10 statement.

The Associated Press also reported that a shareholder sued Nvidia and Huang, alleging they misled investors in their responses to reports about the first relationship. The allegations are pending. Associated Press.

What the market-value estimates measure

The estimates multiply each price change by the 24.1 billion shares outstanding Nvidia reported as of August 21, 2026. The figures use a constant share count and two distinct trading windows. Nvidia’s quarterly filing.

The original November 9 estimate converts to about NPR 28.90 trillion at the reference exchange rate used that day, NPR 150.45323681 per U.S. dollar. The November 11 estimate converts to about NPR 51.50 trillion using NPR 150.29 per dollar, the midpoint of Nepal Rastra Bank’s published buying and selling rates for November 11. November 9 closing-price history, November 11 exchange rates.

The November 11 figure reflects one reported extended-hours price. It can change as trading continues. Both estimates measure changes in equity market value, and the calculations cannot isolate how much of either move came from the reports.