Nvidia Corp. (NASDAQ:NVDA) executive Kimberly Powell has abruptly withdrawn from a major health summit in Washington, D.C., hours after a report alleged she had an extramarital relationship with CEO Jensen Huang.
Kimberly Powell Cancels Milken Health Summit Appearance
Powell had been scheduled to participate in the opening panel of the Milken Institute’s Future of Health Summit on Thursday morning.
The session, titled "Engineering the Next Era of Human Health," was expected to explore how technology could reshape medicine and drug development.
CNN medical correspondent Meg Tirrell, who is set to moderate the discussion, announced the cancellation on X on Wednesday.
"Kimberly Powell had been set to speak at the opening session of the Milken Future of Health Summit tomorrow AM, on a panel I’m moderating," Tirrell wrote.
She added that organizers had informed her of Powell’s withdrawal.
Nvidia did not immediately respond to Benzinga’s request for comment.
Report Alleges Relationship With Jensen Huang
The cancellation came hours after The New York Times reported that Powell, 48, had an alleged extramarital relationship with Huang, 63. Both executives are married.
The report cited five former Nvidia employees, two of whom claimed the pair had been captured on video displaying affection at a San Jose hotel during the company’s GTC developer conference in March.
Neither Powell nor Huang has publicly confirmed the allegations.
Nvidia CEO Faces Separate China Spy Controversy
The latest report adds to the scrutiny surrounding Huang amid separate allegations involving Alice Huang, an executive suspected of having links to Chinese intelligence.
President Donald Trump said Monday that the Federal Bureau of Investigation was examining the allegations but defended the Nvidia CEO after speaking with him.
"I really believe him," Trump told reporters, adding that Huang had denied knowing the woman was a suspected spy.
Nvidia’s independent directors and outside counsel are investigating the matter. The company has said it has "no reason to believe" its secrets or national security were compromised.
Meanwhile, The Wall Street Journal reported Wednesday that Nvidia’s board was preparing to oust Huang, potentially marking a major leadership shake-up at the AI chipmaker.
Price Action: Nvidia shares fell 8.61% in after-hours trading to $158.78, according to Benzinga Pro.
Benzinga Edge Stock Rankings place Nvidia in the 12th percentile for Momentum and the 98th percentile for Growth.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: glen photo on Shutterstock.com