NYT: Jensen Huang Allegedly Had Affair With Direct Report, Nvidia Slides Nearly 8% After Hours

• Dispatched: Nov 11, 2026 · 17:38 ET (22:38 UTC)

One-sentence summary: The New York Times, citing five people who worked at Nvidia, reported that CEO Jensen Huang had an extramarital relationship with Kimberly Powell, the vice president of health care who reports directly to him; Nvidia shares slid nearly 8% after hours, erasing the day's entire gain as leadership uncertainty escalated days before earnings and a congressional briefing.

Verification status: ⚠ Single-source report, not yet confirmed (Single-source / Unconfirmed) — The New York Times cited five anonymous people who worked at the company and said it has not seen the video; Huang declined to discuss the matter and ended the call, Nvidia declined to comment, and Powell did not immediately respond.

Core Facts & Consensus Delta:

The New York Times published the report around 17:08 ET / 22:08 UTC on November 11, 2026 (Seeking Alpha's relay timestamp). It alleged that Huang, 63, had an extramarital relationship with Kimberly Powell, 48, who joined Nvidia in 2008 and now leads its worldwide health care business as a direct report to Huang; both are married to other people. Two people said the pair were seen being affectionate at a San Jose hotel in March, during Nvidia's GTC developer conference; three people briefed on the incident said a bystander filmed the moment on a phone, and that Huang's security spotted the bystander, sequestered them and offered a nondisclosure agreement. The Times said it has not seen the video.

This involves a different person from the Alice Huang matter: Huang's November 8 letter to employees acknowledged infidelity without naming anyone; the board opened an independent investigation the same day and on November 10 retained former acting U.S. Attorney Joon H. Kim and Wachtell, Lipton, Rosen & Katz to lead it, while reaffirming confidence in Huang's leadership. No decision on his future has been announced.

The market reaction was sharp. Nvidia closed the regular session at $173.73, up 2.87%, then fell to $167.47 by 17:14 ET / 22:14 UTC (down 3.60%) and further to $159.871 by 17:37 ET / 22:37 UTC (down 7.98%, Finnhub quote), giving back the day's entire gain and falling below the November 10 close of $168.89. The stock is down 15.95% over the past five sessions. On Polymarket, the odds of Huang announcing his resignation or removal by year end jumped to roughly 31% (CryptoBriefing).

The three House committee chairs who asked Huang to attend a closed-door briefing on November 18 set a November 11 end-of-business deadline for his reply; as of 17:38 ET / 22:38 UTC, there was no public report of a response or of a subpoena being issued.

Supply-Chain & Market Read-Through: Unlike the Alice Huang matter, which centers on an alleged foreign-intelligence operation, a relationship with a direct report goes to the conflict-of-interest provisions of Nvidia's own code of conduct — the kind of internal governance issue boards typically act on against a CEO — and could widen the scope of the board's investigation. Nvidia is the single largest demand anchor for HBM3E and HBM4; if leadership uncertainty persists into earnings and the congressional briefing, it could color how customers and suppliers judge procurement timing. There is no direct read-through to current HBM and memory supply or contract pricing for SK Hynix (000660.KS), Samsung Electronics (005930.KS), Micron (MU) or SanDisk (SNDK); the shortage and sold-out backdrop is unchanged. The board has previously expressed confidence in Huang and announced no decision on his tenure.

Next Catalysts & Watchpoints:

• November 17, after the close: Nvidia's fiscal Q3 2027 results and 17:00 ET / 22:00 UTC earnings call (Finnhub consensus: EPS of $2.526, revenue of $111.356 billion).
• November 18: the House closed-door briefing — whether Huang attends and whether a subpoena is issued.
• Further updates from the board's independent investigation.

Sources:

• The New York Times (via Seeking Alpha) (Published: 2026-11-11 17:08 ET / 22:08 UTC)
• ZeroHedge (Published: 2026-11-11 17:20 ET / 22:20 UTC)
• MarketSpeaker (Published: 2026-11-11 17:21 ET / 22:21 UTC)
• CryptoBriefing
• Finnhub NVDA quote

Information only, not investment advice.