Business & Finance · November 12, 2026
Nvidia Shares Plunge As Board Reportedly Prepares To Oust CEO Jensen Huang
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Nvidia's board is reportedly considering the removal of co-founder and CEO Jensen Huang following revelations of extramarital affairs, including one involving a woman identified by U.S. intelligence as a recruit for China's Ministry of State Security. The news has caused Nvidia shares to plunge and weighed heavily on Asian stock markets. Amid the crisis, Elon Musk expressed on social media that it would be "an honor" to hire Huang, while some market analysts suggest the leadership vacuum could jeopardize the broader AI boom.
Read the original coverage
Nvidia’s Leadership Crisis Weighs on Asian Markets
Read at Wall Street Journal ↗Nvidia Weighs Replacing Huang. But It Won’t Be Easy
Read at Bloomberg ↗- ForbesFinancial
Nvidia Shares Plunge As Board Reportedly Prepares To Oust CEO Jensen Huang
Read at Forbes ↗ - MarketWatchFinancial
Jensen Huang built Nvidia into a behemoth. His scandal puts the entire AI boom in jeopardy.
Read at MarketWatch ↗ - Business InsiderMainstream
Elon Musk says he would hire Jensen Huang
Read at Business Insider ↗ - CNBCMainstream
Elon Musk says it would be an 'honor' to hire Nvidia's Jensen Huang
Read at CNBC ↗ - FortuneFinancial
Nvidia preps exit strategy for Jensen Huang as Trump Administration is warned to preserve documents about its knowledge of spying and chip smuggling
Read at Fortune ↗
Reported by multiple outlets
- Elon Musk expressed interest in hiring Jensen Huang via the platform X.
- Jensen Huang is the CEO of Nvidia.
- Nvidia's board is reportedly considering the ouster of Jensen Huang.
- Nvidia shares plummeted following reports of the potential ouster.
Reported by only some outlets
- The Nvidia board reportedly met on Wednesday to discuss Huang's removal.
- The scandal involves revelations about two extramarital affairs.
- One affair involved Alice Huang, whom U.S. intelligence identified as a recruit for China's Ministry of State Security.
- Chinese stocks saw some support on bets that domestic suppliers could gain market share at Nvidia’s expense.
- Musk's comment was a reply to a post by the financial blog Zerohedge.
Industry-friendly coverage frames it as…
emphasize the potential movement of high-level talent, the corporate governance crisis, and the systemic risks to the AI sector and global markets
Skeptical / consumer coverage frames it as…
highlight the national security risks and ethical failures involving foreign intelligence recruitment and the vulnerability of tech giants to individual scandals
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