Nvidia Stock Drops After WSJ Says Board May Remove CEO Jensen Huang
Nvidia shares fell about 8.5% after The Wall Street Journal reported the board is preparing to oust CEO Jensen Huang, per Dow Jones Newswires.
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what happened
Shares of Nvidia slipped in late trading on Wednesday after a Wall Street Journal report said the company's directors are getting ready to remove chief executive Jensen Huang. The stock was off 8.5% at $159.00, having closed the regular session up 2.9% at $173.73.
According to the Journal, citing people familiar with the situation, the board could convene as early as Wednesday to settle Huang's future. Independent directors had examined whether he was a target of a foreign spying operation, following a relationship with a woman thought to work for Chinese intelligence. The New York Times separately reported that Huang had another extramarital relationship, this time with an Nvidia vice president.
why it matters
The reports concern leadership rather than current results, but a chief executive change at the largest maker of AI accelerators would ripple through the broader chip sector and matter to investors who track the stock as a gauge of AI demand. The reports rely on unnamed sources, so the outcome remains open and uncertainty keeps pressure on the shares.
market impact
Nvidia shares: leadership uncertainty weighs on the stock and AI chip sentiment
- Nvidia shares pressure down — leadership uncertainty and a possible CEO change weigh on the stock
tags
instruments
on polymarket
sources
- Nvidia Shares Down on WSJ Report Board Is Preparing to Oust Huang — Dow Jones Newswires, 11 November 2026 at 22:35 UTC
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