Kalshi traders price 80% chance of Jensen Huang leaving Nvidia by Dec. 1

Kalshi traders put an 80% probability on Jensen Huang leaving Nvidia before Dec. 1 after fresh allegations of an undisclosed relationship involving the company’s founder and chief executive. The same market priced a departure before Jan. 1 at 86% and before July 1 at 90%.

Kalshi said the sharp repricing followed a New York Times report published Wednesday alleging a second relationship between Huang and Kimberly Powell, Nvidia’s vice president of health care. The report cited five former Nvidia employees who spoke anonymously.

It also described an alleged recording of Huang and Powell at a San Jose hotel during Nvidia’s March developer conference, and an encounter involving Huang’s security personnel and a proposed nondisclosure agreement. The Times did not obtain a copy of the alleged video.

As we reported Nov. 8, Nvidia’s board had already opened an independent inquiry after reports that Huang had been targeted by a foreign intelligence effort. The board said a committee of independent directors and outside independent counsel would oversee the review, and that it had no reason to believe national security or Nvidia secrets had been compromised.

Huang has committed to cooperate with the investigation. The board also said it retained confidence in him and his leadership team, an official position that sits alongside unconfirmed reporting from Wall Street Journal reporter Olivia Beavers that directors were considering his removal and preparing to discuss his future.

The new allegations emerged amid mounting political pressure over Huang’s acknowledged earlier extramarital relationship with a woman news outlets reported was a Chinese spy. Senator Kevin Cramer and Representatives Suhas Subramanyam and Don Bacon have called for Huang to resign.

Representatives Brian Mast, John Moolenaar and Rick Crawford have asked Huang to testify before their committees on Nov. 18. Mast and Moolenaar said they were considering a subpoena if he did not agree to appear.