Jensen Huang, Nvidia’s chief executive, is facing claims of another extramarital affair. The development comes as the company is still dealing with the fallout from the revelation of his alleged relationship with a Chinese entrepreneur suspected of cooperating with Beijing’s intelligence services.
In a message to employees on Sunday, the 63-year-old acknowledged that he had had an extramarital relationship with Alice Huang. The Chinese entrepreneur is under investigation over suspicions that she passed information to China.
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Five former Nvidia employees told The New York Times that Huang is also alleged to have had a relationship with Kimberly Powell, 48, the company’s vice president for healthcare.
According to two of those sources, Huang and Powell were filmed showing affection at a hotel in San Jose, California, during Nvidia’s conference in March. Both also attended the company’s GTC conference in Berlin, Germany, in late October. Around that time, however, Powell was seen displaying an engagement ring.
Huang and Powell are married to other people. If confirmed, the alleged relationship would violate Nvidia’s code of ethics. The code requires employees to avoid circumstances that could create a conflict of interest, including personal relationships, and calls for prompt investigation of any reports of inappropriate conduct.
The revelations have also been reflected in financial markets: Nvidia shares fell about 8% in after-hours trading. Since news of the alleged relationship with Alice Huang emerged, the company’s market value has shrunk by more than $300 billion.
The Wall Street Journal reports that Nvidia’s board is preparing to consider removing Jensen Huang as chief executive. Its members were expected to meet as early as Wednesday to discuss Huang’s future at the company.
Huang co-founded Nvidia in April 1993. Under his leadership, it became one of the world’s most valuable companies. U.S. President Donald Trump has praised him for his work in artificial intelligence.
The hotel footage and the investigation into the Chinese entrepreneur
Kimberly Powell joined Nvidia in 2008 and later rose through its ranks. In 2016, she was appointed senior director of business development for artificial intelligence, and in late 2017 she became vice president for healthcare.
In that role, Powell oversees projects involving the use of Nvidia’s processor technology in education and healthcare, particularly in medical imaging equipment.
At the March conference, she spoke about the opportunities artificial intelligence offers for advances in medicine and biology. Huang made an unexpected appearance onstage at the same event. Later, according to The New York Times’ sources, the two were filmed at a hotel near the conference venue.
The sources say Huang’s bodyguards noticed someone recording them on a phone. They stopped the person and then proposed that the person sign a nondisclosure agreement.
When the newspaper asked him about his relationship with Powell, Huang said, “I don’t think you should be speaking to me directly,” and ended the call.
Meanwhile, Nvidia has launched an investigation into Huang’s alleged relationship with Alice Huang. The investigation is being led by the law firm Wachtell, Lipton, Rosen & Katz. Republican leaders of three key House of Representatives committees have also asked the Nvidia chief to explain his contacts with the founder of Megaspeed in a closed-door session.
Reports indicate that Alice Huang spoke openly about her closeness to the Nvidia chief as early as June 2024. At a technology fair in Taipei, she reportedly invited him to join her and several other executives at a bar. She told those present, “Jensen is a very good friend of mine.” He arrived a few minutes after her message.
Another meeting between them reportedly took place at a dinner in Taipei in May 2025. There, they were seen greeting each other with kisses on the cheek and touching each other’s arms. After the scandal emerged, photographs were also published showing them raising wine glasses in a toast and posing together.
Espionage suspicions and processor sales
In early 2025, Alice Huang allegedly proposed a deal to supply artificial intelligence processors to China-based investors. The Financial Times reports that she relied on business ties with Alibaba and claimed she could secure Nvidia’s highly sought-after graphics processors.
The deal involved building a data center in Southeast Asia worth several hundred million dollars. She had not, however, disclosed her relationship with Huang to the investors.
U.S. officials had received information that the entrepreneur might be working for China’s Ministry of State Security. The suspicions concern efforts to obtain data on U.S. artificial intelligence processors and persuade Nvidia to sell its most advanced semiconductors to China.
Megaspeed has also been investigated by U.S. authorities on suspicion that it may have helped smuggle technology equipment to China. Last year, the U.S. government asked Nvidia to audit the company.
In its first report, Nvidia said all the equipment had been identified and accounted for. However, documents obtained by Bloomberg showed that Megaspeed had imported 50,000 more processors than were reflected in its data center records. Nvidia promised a second review in December 2025, but it is not known whether it was carried out.
On Monday, shareholders filed a lawsuit against Nvidia and Jensen Huang, accusing them of concealing information about the chief executive’s alleged relationship. The lawsuit says that after the news was published, the shares fell 4.3% by the market close, costing the company about $190 billion in market capitalization.
Nvidia says it was unaware of the investigations into Megaspeed or Alice Huang. The company also says it has no reason to believe that U.S. national security or its trade secrets have been compromised.
According to Nvidia, it has launched an internal investigation to review all available information. The company says Jensen Huang has also supported the initiative.
