Nvidia's board is actively weighing Jensen Huang's removal following revelations of multiple extramarital affairs, including one with Alice Huang—an executive at major customer Megaspeed, alleged by U.S. intelligence to involve Chinese espionage—and another with senior Nvidia executive Kimberly Powell. Huang admitted the infidelity in a November staff letter, prompting an independent investigation by Wachtell Lipton and a sharp reversal from the board's initial expressions of support. With no formal succession plan and Huang maintaining tight operational control over AI chip development and strategy, traders see elevated risk of leadership disruption at the dominant supplier of GPUs for large language models. The board's Wednesday meeting and ongoing probes into national security implications represent immediate catalysts, while the absence of clear internal successors like CFO Colette Kress or engineer Ian Buck heightens uncertainty in the competitive AI hardware landscape.