Kalshi traders sharply increased the probability of Nvidia CEO Jensen Huang leaving his position following a report alleging an undisclosed relationship with a company executive.
Kalshi's Jensen Huang departure market showed an 80% probability of his departure before Dec. 1, 2026, 86% before Jan. 1, 2027, and 90% before July 1, 2027.
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Report alleges second relationship involving Nvidia CEO
A New York Times report published Wednesday alleged that Huang had an undisclosed relationship with another Nvidia executive.
The Times reported allegations of a second relationship involving Huang and Kimberly Powell, Nvidia's vice president of health care. The Times cited five people who previously worked at the company and spoke on condition of anonymity.
According to the report, a bystander allegedly recorded Huang and Powell together at a hotel in San Jose, California, during Nvidia's annual developer conference in March 2026. The report also described an encounter between the bystander and Huang's security personnel involving a proposed nondisclosure agreement. The Times did not obtain a copy of the video.
Wall Street Journal reporter Olivia Beavers wrote on X that Nvidia's board was reportedly considering Huang's removal following the allegations.
“The board is preparing to meet as soon as today to determine his future, people familiar with the matter said,” Beavers wrote.
On Nov. 8, 2026, Huang acknowledged a previous extramarital relationship amid allegations involving a possible Chinese intelligence connection. Nvidia's board opened an investigation the same day.
Huang sent a memo to his employees admitting to the first affair and issuing an apology for his behavior. He also said he would lend his full cooperation to the investigation.
“My responsibility is to serve you and be worthy of your trust,” Huang wrote. “I have fallen short of that responsibility.”
CNBC reported that leaders on Capitol Hill are calling for Huang’s resignation or removal from his position at the company.
Sen. Kevin Cramer, who serves on the Senate Banking Committee, “doubled down Wednesday on his call for Huang to resign.”
“As a matter of his own conscience, he should resign,” Cramer said in response to revelations about Huang’s first affair.
Reps. Brian Mast, John Moolenaar and Rick Crawford, who chair the House Foreign Affairs Committee, the House Select Committee on China and the House Intelligence Committee, respectively, called for Huang to appear before Congress for a closed-door briefing. They had not received a response from Huang as of Wednesday afternoon. Mast and Moolenaar said they have not ruled out using their subpoena power to compel Huang to appear.
“All three committees have subpoena power, and I know all three committees have a very serious interest in getting to the bottom of this and have transparency around this,” Moolenaar said. “We are going to continue to pursue this.”
The takeaway:
Kalshi markets now predict:
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