Wall Street Shock: NVDA Plunges 8.5% After Hours as Second Scandal Hits Boardroom
【Jensen Huang Reportedly Involved in Another Extramarital Affair; Nvidia Falls Over 8% After-Hours】
Nov 12 — According to The New York Times, five individuals who previously worked at Nvidia revealed that Jensen Huang was also involved in an extramarital relationship with an Nvidia executive who reported directly to him.
According to these sources, this previously unreported relationship involved Kimberly Powell (48), Nvidia’s Vice President of Healthcare.
Nvidia’s Code of Conduct requires employees to "avoid situations where their actions could create a conflict of interest," which explicitly includes "personal relationships." The company also states that it will "promptly investigate reports of misconduct." Many corporations maintain strict policies forbidding managers from developing intimate relationships with direct subordinates.
According to two former Nvidia employees, Huang and Powell were captured on video acting affectionately toward each other inside a hotel during an Nvidia conference in San Jose, California, in March of this year. The New York Times noted that it has not independently viewed the video.
Both Huang and Powell are currently married to their respective spouses. Nvidia (NVDA.O) shares fell 8% in after-hours trading.
Key Takeaways & Market Impact
- Named Executive: The previously unidentified "direct report" in The New York Times coverage is identified as Kimberly Powell, VP of Healthcare at Nvidia.
- Corporate Governance Vulnerability: Unlike personal scandals outside the company, an intimate relationship with a direct subordinate directly breaches standard U.S. corporate compliance rules regarding conflicts of interest. This gives activist shareholders, political figures, and regulatory bodies strong leverage to demand an independent board investigation or leadership change.
- Market Friction: The news added fresh friction to NVDA's after-hours performance as investors digest the rising governance and leadership risk ahead of upcoming earnings.
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