Nvidia board prepares to oust Jensen Huang, sending shares down 8%
Nasdaq futures slid as Nvidia stock dropped 8% following reports the board may remove CEO Jensen Huang.
Nasdaq futures slid as Nvidia stock dropped 8% following reports the board may remove CEO Jensen Huang. Published 2026-11-12 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
Nvidia shares sank 8% in after-hours trading on Wednesday after reports emerged that the company's board was preparing to oust CEO Jensen Huang. The selloff weighed on Nasdaq-100 futures and dragged down other chip makers. A second report about Huang’s personal life further escalated the leadership crisis.
Board plans oust CEO
Nvidia’s stock tumbled late Wednesday after the close of regular trading. The Wall Street Journal reported that the chipmaker’s board was preparing to remove Jensen Huang from his position. The move follows a fresh escalation in the leadership crisis.
The New York Times reported that Huang had a second affair. This news put his job at risk and triggered the sharp decline in after-hours trading. The company did not immediately comment on the reports.
Peers and futures fall
Nasdaq futures were sliding Wednesday evening as the Nvidia selloff weighed on the index. The drop dragged down shares of other chip makers in the sector. MarketWatch noted the broad impact on tech stocks following the news.
Analysts believe the Nvidia board will not oust Jensen Huang until they have an all-star successor. They suggest the board is looking for a known entity in the tech sector to take over. Asian stocks were also described as fragile amid the uncertainty.