Nvidia’s Board Prepares to Oust Jensen Huang

The Journal reports that Nvidia’s board is preparing to meet about Jensen Huang’s future after learning he had a relationship with Kimberly Powell, the senior executive leading Nvidia’s healthcare business. This follows an investigation into reports that Huang had also been involved with Alice Wong, a woman suspected of sending information to China. Huang co-founded Nvidia and has been its only CEO; he has 60 direct reports, no conventional second-in-command, and no designated successor. Nvidia has acknowledged “key man risk,” warning that inadequate succession planning could hurt its competitiveness.

Nvidia shares fell as much as 8% in off-hours trading, while Citi cut its price target by about 20%, citing Huang’s role in product strategy and relationships with customers and investors. Saxo Bank strategist Charu Chanana said the market had not priced in an exact “Jensen premium,” so the stock may not have bottomed. She said the wider AI trade could face a turning point because spending was already being questioned amid high bond yields and difficult financing, though customers might shift purchases toward AMD and Broadcom rather than abandon AI investment.

Journal tech reporter Amit Ramkumar said White House officials had warned President Trump about his close relationship with Huang since early last year. Security officials were concerned about Huang’s efforts to sell Nvidia chips directly to China and to do business with Southeast Asian companies using Nvidia chips to provide computing power to Chinese customers, with the U.S. government receiving a share of some sales. Lawmakers from both parties are seeking an investigation into Huang’s relationship with Alice Wong, while Democrats want administration officials, including Trump, to preserve records of their interactions with him.

The Associated Press called Democrat Scott Colombe’s upset victory over Republican incumbent Cindy Hyde-Smith, who conceded shortly afterward. Colombe becomes Mississippi’s first Democratic senator since 1982 and its first Black senator since Reconstruction. He has argued that Democrats must include the South in their future and said election forecasters’ strong Republican predictions made fundraising harder. Ad Impact estimated only about $10 million was spent on the race, far below spending in competitive contests such as Maine and Alaska, suggesting future Mississippi races could attract substantially more money.

Career reporter Ray Smith said competition remains intense for AI talent even as the technology sector has suffered significant U.S. job cuts. Employers are offering salary premiums to workers with AI expertise, as well as to electricians and construction workers building data centers and chip facilities. The broader labor market remains cautious: the federal quit rate has stayed at or below 2% for more than a year, indicating that many employees do not see enough value in leaving their current jobs.

Callum Borchers said he is moving into a phase with more parenting and less work, a decision that feels scary but may prevent future regret about not traveling, starting a business, or spending more time with his children. He recommends leaving employers on good terms, continuing to network, staying in touch with former colleagues, and meeting new people. He also urged workers—especially those in senior roles—to remember that a strong performer is valuable to a company and is not easily replaceable.