Nvidia's board of directors is preparing to remove co-founder and chief executive Jensen Huang and was meeting as soon as Wednesday, November 11, to decide his future, The Wall Street Journal reported, in a sharp escalation of the leadership crisis that began on November 8 when the board opened an independent investigation while publicly expressing confidence in him. Reuters, citing a source familiar with the matter, reported the board was meeting late on Wednesday to decide whether to oust Huang.
Source: Reuters, via Unite.AI, Nov 11-12, 2026
This follows Awaaz Punjab's earlier report on the board's November 8 investigation. Read the earlier story: Nvidia board opens probe into Huang foreign-intelligence reporting
On Sunday, November 8, Huang admitted to employees that he had been unfaithful to his wife, in a case tied in press reporting to a woman purported by United States intelligence to be a Chinese spy, TechCrunch reported. On Wednesday evening, The New York Times reported a second alleged extramarital affair, with an executive who reports directly to Huang; other reports of the Times story named her as Kimberly Powell, Nvidia's vice president of health care. Nvidia has not publicly addressed the second allegation, and the company did not immediately respond to requests for comment from the Journal, Reuters or TechCrunch.
Source: TechCrunch, reporting The Wall Street Journal and The New York Times, Nov 11, 2026
From confidence to a removal decision in three days
The meeting marks a reversal from the board's November 8 statement, which announced an independent investigation — overseen by a committee of independent directors with outside counsel — into reporting that Huang had been targeted by a foreign intelligence effort, while saying the board had confidence in Huang and his leadership team and no reason to believe national security or Nvidia secrets were compromised. Huang said at the time that he remained committed to the company and would cooperate with the review.
Source: Reuters, via Unite.AI, Nov 11-12, 2026
Nvidia's bylaws allow the directors to remove Huang with or without cause by a majority vote, Reuters reported. The board has 11 members, and every director except Huang is considered independent. Bloomberg reported the board has been working with an outside firm to identify candidates who could replace Huang, because the company has no obvious successor and no succession plan; Huang famously delegates little and has about 60 direct reports, TechCrunch noted.
Source: TechCrunch, reporting The Wall Street Journal and The New York Times, Nov 11, 2026
Markets price in a Nvidia without its founder
Nvidia stock fell about 8 per cent in after-hours trading on Wednesday and is down about 11 per cent over five days, TechCrunch reported, citing CNBC market data. The wider reaction was uneven: Nasdaq futures fell 1 per cent, Micron slipped nearly 2 per cent and CoreWeave dropped 6 per cent, while rival chipmakers AMD and Broadcom rose 4 per cent and 3 per cent respectively; in Asia, Samsung Electronics gained about 1 per cent and SK Hynix dipped nearly 1 per cent, Reuters reported.
Source: Reuters, via Unite.AI, Nov 11-12, 2026
"The market is starting to price Nvidia without its founder as the likely outcome, not a tail risk," said Armina Rosenberg, portfolio manager and co-founder of Nvidia shareholder Minotaur Capital, who described chief financial officer Colette Kress — in that role for more than a decade — as the natural interim choice, while questioning who would lead the technology roadmap longer term. Gil Luria, head of technology research at DA Davidson, was quoted by the Journal's reporting as saying that removing Huang immediately would be challenging without a succession plan, though the board would likely act as soon as it had proof he broke the law or violated company policies.
Source: Reuters, via Unite.AI, Nov 11-12, 2026
In Washington, Republican Senator Kevin Cramer of the Senate Banking Committee has called for Huang's immediate resignation, the leaders of three House committees have sought a closed-door briefing with him, and the president has said the FBI is reviewing the matter, according to summaries of the Journal and Times reporting. Those political steps build on the congressional and FBI scrutiny Awaaz Punjab reported on November 9; they are demands and reviews, not findings — no authority has announced a conclusion that Huang broke the law or that Nvidia secrets were compromised.
Source: Pivot News summary of WSJ/NYT reporting, Nov 12, 2026
What happens next depends on the board's deliberations, which had produced no announced decision in the reports reviewed. Nvidia, worth roughly $4 trillion (yaani about 4 lakh crore dollars) and the dominant supplier of the chips behind the global artificial-intelligence boom, is scheduled to report quarterly results on November 17 — a financial update that will now land in the middle of an unresolved fight over the future of the man who built the company over more than three decades and still holds a stake of about 3.6 per cent.