European Chip Stocks Slide on Report Nvidia Board May Remove CEO Jensen Huang
Shares of European chipmakers fell after The Wall Street Journal reported Nvidia's board is preparing to oust CEO Jensen Huang over two extramarital affairs.
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what happened
Shares of European semiconductor makers declined after The Wall Street Journal reported that Nvidia's board is preparing to dismiss chief executive Jensen Huang. According to the paper, the move follows two extramarital affairs, one with a suspected Chinese spy and another with an employee.
ASML Holding shares fell 2.6%, ASM International dropped 0.6% and BE Semiconductor Industries lost 0.9%. Infineon Technologies declined 1.8% and STMicroelectronics slipped 0.8%. E-mini Nasdaq 100 futures were down 0.7%, pointing to a weak start for U.S. tech stocks.
why it matters
The report adds uncertainty for the chip sector and tech shares broadly, as investors reassess leadership risks at Nvidia and European chip companies trade in line with U.S. futures.
market impact
European chip stocks and Nasdaq futures: pressure from the risk of a leadership change at Nvidia
- ASML Holding pressure down — investors price in leadership risk at a key industry player
- Infineon pressure down — sector-wide selling in chipmakers after the Nvidia report
- E-mini Nasdaq 100 pressure down — weak opening expected for U.S. tech stocks after the report
tags
instruments
sources
- European Chip Stocks Fall After Report Nvidia Could Oust CEO Jensen Huang — Market Talk, 12 November 2026 at 09:20 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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