Nvidia board prepares to oust Jensen Huang; shares briefly fell more than 8% after hours
The Wall Street Journal reported on November 11 that Nvidia’s board is preparing to oust founder and CEO Jensen Huang, and could meet as soon as that day to decide his fate. The company has not formally announced any decision or named a successor. Its 2026 proxy statement did not even disclose a CEO succession plan.
On the same day, The New York Times reported that Huang had an affair with a direct subordinate. On November 8, Huang acknowledged in an internal memo that he had been unfaithful to his wife, and the board launched an independent investigation that same day.
The investigation goes beyond personal matters. The FBI is investigating whether Huang was targeted in a foreign intelligence operation, while the Justice Department has launched a separate investigation into export-control violations. Other reports say about 240,000 high-end chips, worth at least $7.5 billion, flowed to Chinese companies; Reuters said it could not independently verify the claims.
The market reacted quickly. Nvidia closed at $173.73 on November 11, up 2.87%, then fell to around $160 after hours, down about 8%. By Reuters’ count, the company has lost about $600 billion in market value this week. AMD rose 4.45% after hours, and Broadcom gained 3.24%, as investors shifted positions within the same sector.
Huang is Nvidia’s AI story itself. If the board takes action, the November 17 earnings report will no longer be about the numbers, but about repricing how much Nvidia is worth without Huang. One Wall Street firm estimates the probability of his departure at 15%; if it happens, the stock could fall another 25–30%. Before earnings, the share price is unlikely to return above $180. If the board confirms this week that Huang will stay, the after-hours losses should be recovered by half within two trading days. If the stock still cannot get back above $170, that would suggest the market is already pricing in his departure.
$NVDA #英伟达 #chip stocks
The Wall Street Journal reported on November 11 that Nvidia’s board is preparing to oust founder and CEO Jensen Huang, and could meet as soon as that day to decide his fate. The company has not formally announced any decision or named a successor. Its 2026 proxy statement did not even disclose a CEO succession plan.
On the same day, The New York Times reported that Huang had an affair with a direct subordinate. On November 8, Huang acknowledged in an internal memo that he had been unfaithful to his wife, and the board launched an independent investigation that same day.
The investigation goes beyond personal matters. The FBI is investigating whether Huang was targeted in a foreign intelligence operation, while the Justice Department has launched a separate investigation into export-control violations. Other reports say about 240,000 high-end chips, worth at least $7.5 billion, flowed to Chinese companies; Reuters said it could not independently verify the claims.
The market reacted quickly. Nvidia closed at $173.73 on November 11, up 2.87%, then fell to around $160 after hours, down about 8%. By Reuters’ count, the company has lost about $600 billion in market value this week. AMD rose 4.45% after hours, and Broadcom gained 3.24%, as investors shifted positions within the same sector.
Huang is Nvidia’s AI story itself. If the board takes action, the November 17 earnings report will no longer be about the numbers, but about repricing how much Nvidia is worth without Huang. One Wall Street firm estimates the probability of his departure at 15%; if it happens, the stock could fall another 25–30%. Before earnings, the share price is unlikely to return above $180. If the board confirms this week that Huang will stay, the after-hours losses should be recovered by half within two trading days. If the stock still cannot get back above $170, that would suggest the market is already pricing in his departure.
$NVDA #英伟达 #chip stocks