Nvidia shares drop after second affair allegation against CEO Jensen Huang
A new report claims Huang had a relationship with an executive, adding to investor uncertainty and cutting billions from the company's market value.
Nvidia's stock price fell sharply following a second allegation of an affair involving CEO Jensen Huang. The latest claim states that Huang had a relationship with another Nvidia executive, Kimberly Powell. The company's board is now reportedly investigating whether to remove Huang from his position.
Investor confidence has taken a hit amid the growing scandal. At market close on Friday, Nvidia shares were worth $188.70, down from a high of $239.24 on October 6. In after-hours trading, the price dropped further to $161.88, a level not seen since late June 2025.
Based on the after-hours price, Nvidia's market capitalization is approximately $3.93 trillion. That is nearly half a trillion dollars less than its valuation before the first affair allegation involving Alice Huang became public. The company's market cap had previously ranged between $4.3 and $4.5 trillion.
Despite the decline, Nvidia remains a dominant force in the AI hardware market and is still one of the most valuable companies in the world. However, with the board weighing Huang's future, the path forward for the company is uncertain. If Huang is removed, the stock could see further losses.
Source: PC Gamer