Jensen Huang and Nvidia crisis LIVE — latest updates on CEO’s future, AI impact and what it means for computing hardware

Nvidia is currently grappling with whether or not to fire CEO and co-founder Jensen Huang in a decision that will send reverberations around the tech industry. Nvidia and the FBI have both launched investigations after Huang admitted to an affair with a suspected Chinese spy.Huang has been pivotal in growing Nvidia into a $4 trillion juggernaut at the center of the current AI boom. The company operates a flat structure with no second-in-command. Nvidia stock already dropped 4% in overnight trading following the reveal of the affair and then fell even further after the New York Times reported Huang had a second extramarital relationship with an Nvidia employee called Kimberly Powell.A verdict on Huang's future at Nvidia is expected today and we'll be following the events and the fallout as they happen.How we got hereIn 2025, US intelligence officials briefed Donald Trump regarding Jensen Huang’s close relationship with Alice Huang (no relation). Huang is an executive at Megaspeed, a Singapore-based data center company. US officials began watching her under the suspicion she’s smuggling Nvidia’s AI chips into China.Spring 2026: A memo drafted by U.S. Secretary of State Marco Rubio circulates among top policymakers in the Trump administration — explicitly stating that the Megaspeed executive is a spy for China’s Ministry of State Security.In May 2026, despite these concerns being circulated regarding Huang’s relationship with a suspected Chinese asset, he was invited to join Trump’s official delegation during a diplomatic trip to China.At September’s White House State Dinner, Jensen Huang and his wife, Lori Huang, attended the dinner hosted by Trump for Chinese President Xi Jinping. The Huangs are seated at the top table alongside Trump, Xi and then-Apple CEO Tim Cook.In October, the intelligence became public. The New York Times publishes a report detailing the 2025 intelligence briefings, putting these initial allegations into the public sphere.November 2026, a second extra-marital affair comes to light following another New York Times article claiming Huang engaged in a relationship Nvidia employee Kimberly Powell.Latest: Live UpdatesNovember 12, 2026 – 8:01 AMWhat is happening at Nvidia today?(Image credit: Future)Nvidia's board has 11 members, including Huang, that are meeting today to consider whether to dismiss Jensen from his position following an internal investigation launched on November 8. The ten other board members are independent and have the power to fire the CEO on the grounds of breaking the company's ethical standards. We are expecting a result to be announced later today on the verdict they've reached — even if that verdict is a further delay.November 12, 2026 – 8:20 AMIs Jensen Haung getting fired today?(Image credit: Shutterstock)Quite possibly. According to an exclusive report from the Wall Street Journal, Nvidia's board "is preparing to oust CEO Jensen Huang" and that it would leave "one of the world’s most valuable companies in need of a new leader."However, there's no immediate successor who could replace the leather jacket-wearing CEO who has become the face of the current AI arms race.Dan Ives, a tech analyst at Wedbush Securities described Huang as the "central nervous system" of the U.S. technology ecosystem. Ives went as far as calling him "irreplaceable" and warned that losing him would disrupt not just Nvidia, but the broader tech ecosystem. According to Ives, should Huang leave Nvidia, his immediate exit could trigger a 25%–30% stock drop.