Nvidia shares plunge as board prepares to oust CEO Jensen Huang
Nvidia stock fell sharply after reports emerged that the board plans to remove CEO Jensen Huang and appoint an interim leader.
Nvidia stock fell sharply after reports emerged that the board plans to remove CEO Jensen Huang and appoint an interim leader. 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 plunged almost 10% on Thursday after multiple reports stated the chipmaker’s board is preparing to oust CEO Jensen Huang. The board reportedly met late Wednesday to discuss the chief executive’s future, with some members favouring an interim appointment.
Board moves spark sell-off
Nvidia’s stock dropped sharply in the latest session following media reports that the board is weighing the removal of its chief executive. Nikkei Asia reported the near-10% fall, while other outlets cited the same underlying reports of a board meeting held on Wednesday evening.
The reports suggest the board is considering replacing Mr Huang with an interim chief. Semafor reported that some directors favour appointing Chief Financial Officer Colette Kress to the role. StockTwits noted the shares had already fallen 5% after-hours before the wider session decline.
Investigations cited in reports
The reports linking the board’s actions to internal issues appeared on social trading platform StockTwits, which stated the ousting plans relate to investigations into alleged Chinese espionage and employee misconduct. Falling Shares could not independently verify the details of those investigations from the provided sources.
No official company announcement accompanied the fall. None of the reports reviewed by Falling Shares gave a reason for the move beyond the board’s reported deliberations. The company has not yet issued a statement confirming the board’s intentions or the status of Mr Huang’s position.