Embattled Nvidia boss Jensen Huang has been caught in yet another cheating scandal as the company continues to reel from the revelation that he had an affair with an alleged Chinese spy.
Huang, 63, confessed in a memo to his staff on Sunday to carrying out an affair with a Chinese entrepreneur who has been under investigation for allegedly passing information to Beijing.
But five people who worked at the chipmaker have now come forward to tell The New York Times that the billionaire also had an extramarital relationship with Kimberly Powell, 48, Nvidia’s vice president of healthcare.
The two were reportedly captured on video being affectionate at a San Jose, California, hotel during the Nvidia conference in March, two of the sources said.
They were then both in attendance at the Nvidia GTC Conference in Berlin, Germany, at the end of October, though Powell was also seen around the same time flaunting her engagement ring.
Both she and Huang are married to other people.
The alleged affair would have also violated the company’s code of conduct, under which employees are told to ‘avoid situations where our actions conflict’ including ‘personal relationships.’ The company also states that it ‘promptly investigates reports of misconduct.’
Following the revelation, Nvidia’s shares were down about eight percent in after-hours trading. The stock has lost more than $300 billion in market value since news of the affair with alleged Chinese spy Alice Huang broke.
The Nvidia board is now preparing to oust Mr Huang as CEO, people familiar with the matter told the Wall Street Journal.
Embattled Nvidia CEO Jensen Huang (pictured with his wife Lori) has been caught in another cheating scandal
Five people who work at the company said Huang was in a relationship with Kimberly Powell, 48, Nvidia’s vice president of healthcare
The board was planning to meet as soon as Wednesday to determine his future with the company, they said.
Mr Huang had co-founded the chipmaker in April 1993, and oversaw its rise as one of the most valuable companies in the world.
Powell then joined the company in 2008, and rose through the ranks. She was promoted to senior director of artificial intelligence business development in 2016, and by late 2017, she was appointed vice president of health care, according to her LinkedIn.
In that position, Powell oversees programs that could apply Nvidia’s chip technology to higher education and health care – particularly to medical imaging devices.
By March, Powell appeared at GTC, Nvidia’s annual developer conference in San Jose, where she spoke about using AI to aid in breakthroughs in health care and biology. Mr Huang made a surprise guest appearance on the stage.
Powell was then seen getting affectionate with Huang at a nearby hotel, which sources told The Times one bystander was able to capture on their phone.
But Mr Huang’s security witnessed the bystander with their phone and sequestered them, before making the person an offer to sign a non-disclosure agreement.
When The Times then tried to ask Mr Huang about his relationship with Powell, he replied: ‘I don’t think you should be talking to me directly,’ and hung up.
Both Huang and Powell were in attendance at the Nvidia GTC Conference in San Jose, California in March, sharing a stage together where they were pictured raising a glass. They reportedly became affectionate at a nearby hotel afterward. Source: LinkedIn
Powell was seen promoting the GTC Berlin conference last month, flaunting her engagement ring. Source: LinkedIn/Kimberly Powell
The revelation of the affair comes after Nvidia’s board had already launched an investigation into Mr Huang’s affair with the alleged Chinese spy that is being led by the law firm Wachtell, Lipton, Rosen & Katz.
At the same time, Republican leaders of three influential House committees have asked Huang to appear for a closed-door briefing on his interactions with the woman, Megaspeed founder Alice Huang.
It is unclear when the alleged spy struck up a relationship with the Nvidia boss, but reports detail how she would openly boast about how close she was to him as far back as June 2024.
At a computer industry trade show in Taipei at the time, sources told the Wall Street Journal that she displayed her cozy relationship with Huang to executives by summoning him to a bar where they were drinking.
She reportedly told the group: ‘Jensen’s a great friend of mine,’ and he arrived just a few minutes after she texted him to join them.
The artificial intelligence chief then showed up in his trademark leather jacket, and held court with the executives in the bar for some time as a picture was snapped of the Nvidia CEO and the alleged spy sat closely beside each other.
On another trip to Taipei in May 2025, Huang was again seen with Ms Huang at a dinner, where they were spotted kissing on the cheek and sharing touches on the arm, per the Wall Street Journal.
Huang has admitted to having an affair with Chinese businesswoman Alice Huang, and the two were photographed together on multiple occasions beginning in 2024
The photos show her cuddled up next to the 63-year-old tech CEO, raising wine glasses in a toast and sitting next to one another smiling
In other images that have been unearthed following the scandal, the Nvidia CEO and alleged Chinese spy were seen raising wine glasses in a toast and sharing a smiling picture sat next to each other at other points during their relationship.
Meanwhile, in early 2025, Ms Huang pitched an AI chips deal to Chinese-based investors, touting her ability to secure Nvidia’s coveted graphics processing units and her commercial relationship with Alibaba, two investors pitched on the deal told the Financial Times.
She had sought their investment for a southeast Asia data center project worth several hundred million dollars, but did not disclose her relationship with Huang.
Back in the United States, meanwhile, officials were briefed that Ms Huang was working for Beijing’s Ministry of State Security as part of an effort to learn about American-made AI chips and possibly persuade Nvidia to make its most sophisticated semiconductors available in China, according to The New York Times.
The US officials noted that the Megaspeed founder speaks English well and has relationships with executives at the highest levels of the AI chip industry.
Separately, Washington was investigating Megaspeed over concerns it may have been involved in smuggling hardware to China – prompting the government to ask Nvidia to audit the firm last year.
In its initial report, the chipmaker said the hardware was fully accounted for, but records obtained by Bloomberg News show that Megaspeed had imported 50,000 more chips than Nvidia found in its data centers.
The AI chip company then pledged in December 2025 to visit Megaspeed’s data centers again, but it is unclear whether that happened.
At a computer industry trade show in Taipei in 2024, sources told the Wall Street Journal that MS Huang displayed her cozy relationship with the Nvidia founder to executives by summoning him to a bar where they were drinking. The two are pictured at the event
Amid the scandal, both Nvidia and Jensen Huang were sued on Monday by shareholders.
The action accused the defendants of misleading shareholders about the affair before it caused Nvidia shares to dip 4.3 percent by close on Monday, reducing the company’s market capitalization by approximately $190 billion.
However, while Huang confessed to the affair, Nvidia insists that it had no knowledge of any investigations into Megaspeed or Ms Huang, and said it has ‘no reason to believe that either national security or Nvidia secrets were compromised.’
The company said it has launched an internal probe to further ‘examine all available information,’ a move that was supported by the CEO, Nvidia said.
