Nvidia Board Preparing to Oust CEO Jensen Huang, Stock Falls Over 8%
Semafor and WSJ report that Nvidia's board is preparing to remove CEO Jensen Huang as early as today, having briefed the White House. The news caused Nvidia's stock to drop more than 8% in after-hours trading.
Nvidia’s board of directors is preparing to oust CEO and founder Jensen Huang as soon as today, November 11, 2026, according to Semafor, which confirmed reports by The Wall Street Journal. This move follows media disclosures detailing a second extramarital affair involving Huang, which has triggered an independent investigation into his relationship with a suspected Chinese spy.
The board has briefed the White House on its plans, per a senior administration official cited in the report. Following the news, shares of the $4 trillion chip giant fell more than 8% in after-hours trading, hitting a 52-week low.
On November 8, Nvidia’s board announced an independent investigation led by Wachtell Lipton to examine whether Huang divulged corporate secrets or endangered US national security. The inquiry was prompted by reports, including from The New York Times, that Huang had a close relationship with Alice Huang, an executive at Megaspeed who was reportedly recruited by China’s Ministry of State Security. While the board initially stated there was no reason to believe national security or company secrets were compromised, these new reports mark an escalation from investigation to active preparation for leadership removal.