Nvidia chief executive Jensen Huang is facing a second alleged affair as the chipmaker grapples with revelations that he had a relationship with a Chinese businesswoman accused of spying for Beijing.
Huang, 63, acknowledged in a memo to employees on Sunday that he had an affair with a Chinese entrepreneur who is under investigation over allegations that she passed information to the Chinese government.
Now, five people who worked at Nvidia have told The New York Times that the billionaire also had an extramarital relationship with Kimberly Powell, 48, the company’s vice president of healthcare.
Two of the sources said Huang and Powell were recorded behaving affectionately at a hotel in San Jose, California, during an Nvidia conference in March.
The pair also attended Nvidia’s GTC conference in Berlin, Germany, in late October. Around the same time, Powell was seen displaying an engagement ring.
Huang and Powell are both married to other people.
The alleged relationship could also have breached Nvidia’s code of conduct, which instructs employees to “avoid situations where our actions conflict,” including conflicts involving “personal relationships.” The company says it “promptly investigates reports of misconduct.”
Nvidia shares fell about 8 percent in after-hours trading following the latest revelation. The stock has shed more than $300 billion in market value since reports emerged of Huang’s affair with Alice Huang, the businesswoman accused of being a Chinese spy.
The Nvidia board is preparing to remove Huang as chief executive, people familiar with the matter told the Wall Street Journal.
Nvidia CEO Jensen Huang, pictured with his wife Lori, is facing a second alleged affair
Five former Nvidia employees said Huang was in a relationship with Kimberly Powell, 48, the company’s vice president of healthcare
The board could meet as early as Wednesday to discuss Huang’s future, according to the sources.
Huang co-founded Nvidia in April 1993 and presided over its transformation into one of the world’s most valuable companies.
President Donald Trump has praised Huang for his work on “superintelligence,” and the Nvidia chief has appeared with the president on several occasions.
Powell joined Nvidia in 2008 and advanced through a series of senior roles. According to her LinkedIn profile, she became senior director of artificial intelligence business development in 2016 before being appointed vice president of healthcare in late 2017.
In that role, Powell oversees initiatives applying Nvidia’s chip technology to higher education and healthcare, including medical imaging systems.
In March, Powell spoke at GTC, Nvidia’s annual developer conference in San Jose, about using artificial intelligence to advance healthcare and biological research. Huang made an unexpected appearance on the stage.
Sources told The Times that Powell was later seen behaving affectionately with Huang at a nearby hotel. One bystander allegedly recorded the encounter on a phone.
Huang’s security team reportedly noticed the bystander filming and kept the person apart from others before offering them a non-disclosure agreement.
When The Times contacted Huang about his relationship with Powell, he responded: “I don’t think you should be talking to me directly,” before ending the call.
Huang and Powell attended Nvidia’s GTC conference in San Jose in March, where they shared the stage and were pictured raising a glass. Sources said they later behaved affectionately at a nearby hotel. Source: LinkedIn
Powell was seen promoting the GTC Berlin conference last month while displaying her engagement ring. Source: LinkedIn/Kimberly Powell
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The latest allegations come as Nvidia’s board investigates Huang’s relationship with Alice Huang, who has been accused of acting as a Chinese spy. The inquiry is being led by the law firm Wachtell, Lipton, Rosen & Katz.
Meanwhile, Republican leaders of three influential House committees have asked Huang to attend a closed-door briefing about his dealings with Alice Huang, the founder of Megaspeed.
It is not known when the alleged spy began her relationship with the Nvidia chief. However, reports indicate that she openly discussed her closeness to Huang as early as June 2024.
At a computer industry trade show in Taipei that month, sources told the Wall Street Journal that Alice Huang demonstrated her relationship with Nvidia’s chief to executives by asking him to join her at a bar.
She reportedly told the group, “Jensen’s a great friend of mine,” before Huang arrived only minutes after she sent him a message.
The artificial intelligence executive appeared in his trademark leather jacket and spent time talking with the executives. A photograph was taken showing Huang sitting closely beside Alice Huang at the bar.
During another visit to Taipei in May 2025, Huang was again seen with Alice Huang at a dinner. The Wall Street Journal reported that they were observed kissing on the cheek and touching each other’s arms.
Huang has acknowledged having an affair with Chinese businesswoman Alice Huang, and the pair were photographed together several times from 2024 onward
The photographs show Alice Huang beside the 63-year-old technology executive, raising a wine glass with him and smiling alongside him
Other photographs that surfaced after the scandal show Huang and Alice Huang toasting with wine and posing together in smiling images taken at different points during their reported relationship.
In early 2025, Alice Huang reportedly presented Chinese investors with a proposal for an AI chip deal, highlighting her ability to obtain Nvidia’s sought-after graphics processing units and her commercial ties to Alibaba, two investors told the Financial Times.
She was seeking funding for a Southeast Asian data-center project valued at several hundred million dollars but did not disclose her relationship with Huang.
In the United States, officials were briefed that Alice Huang was working for China’s Ministry of State Security as part of an effort to obtain information about American-made AI chips and potentially persuade Nvidia to sell its most advanced semiconductors in China, according to The New York Times.
US officials said the Megaspeed founder speaks English fluently and has connections with senior executives across the artificial intelligence chip industry.
Separately, US authorities investigated Megaspeed over concerns that it may have helped smuggle hardware to China. The inquiry prompted the government to ask Nvidia to audit the company last year.
In its initial findings, Nvidia said all of the hardware had been accounted for. But records obtained by Bloomberg News indicated that Megaspeed had imported 50,000 more chips than Nvidia identified at its data centers.
The AI chipmaker said in December 2025 that it would return to Megaspeed’s data centers for another inspection. It remains unclear whether that visit took place.
At a 2024 computer industry trade show in Taipei, sources told the Wall Street Journal that Alice Huang highlighted her close relationship with Nvidia founder Huang by asking him to join her at a bar. The pair are pictured at the event
Amid the controversy, Nvidia and Huang were sued by shareholders on Monday.
The lawsuit alleges that the defendants misled investors about the affair before the disclosure helped drive Nvidia shares down 4.3 percent by Monday’s close, wiping roughly $190 billion from the company’s market capitalization.
Although Huang acknowledged the affair, Nvidia said it was unaware of any investigations involving Megaspeed or Alice Huang. The company added that it had “no reason to believe that either national security or Nvidia secrets were compromised.”
Nvidia said it had opened an internal investigation to “examine all available information,” adding that Huang supported the move.