Tech · November 12, 2026
Nvidia’s stock drops as board reportedly preps to oust CEO Jensen Huang
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The board of directors of Nvidia, the world's most valuable chipmaker, met on Wednesday to discuss the potential removal of co-founder and CEO Jensen Huang. The meeting follows Huang's admission to an extramarital affair with a woman alleged to be a Chinese spy, followed by a subsequent report of a second affair with an employee. Nvidia's stock price dropped approximately 8% in after-hours trading as reports of the board's discussions emerged. While Huang has no publicly designated successor, analysts are identifying potential candidates as the company reportedly works with an outside firm to manage a leadership transition.
Read the original coverage
- ReutersWire
Who's next CEO at Nvidia? Top engineer and CFO favored as candidates
Read at Reuters ↗ - The GuardianMainstream
Nvidia board reportedly deciding whether to oust CEO Jensen Huang as stock price plunges
Read at The Guardian ↗ - TechCrunchTrade
Nvidia’s stock drops as board reportedly preps to oust CEO Jensen Huang | TechCrunch
Read at TechCrunch ↗ - AxiosMainstream
Jensen Huang's looming ouster triggers an AI earthquake
Read at Axios ↗
Reported by multiple outlets
- Nvidia's board of directors met on Wednesday to discuss the future of CEO Jensen Huang.
- Huang admitted to an extramarital affair with a woman alleged to be a Chinese spy.
- Reports surfaced of a second affair between Huang and an employee.
- Nvidia's stock dropped approximately 8% in after-hours trading following the news.
- Huang has led Nvidia for 33 years and has no publicly designated successor.
Reported by only some outlets
- The second affair was reportedly with Kimberly Powell, Nvidia's president of healthcare.
- The New York Times reported that Powell and Huang were captured on video being affectionate at a company conference in March.
- Nvidia is reportedly working with an outside firm to identify potential CEO candidates.
- Analysts have identified Ian Buck and Colette Kress as possible short-term successors.
- Nvidia's stock is down about 11% over the past five days.
Industry-friendly coverage frames it as…
emphasize the sudden vulnerability of the world's most valuable chip company and the urgent need for a succession plan to stabilize market confidence
Skeptical / consumer coverage frames it as…
highlight the risks of concentrated power in a founder-led company and the potential security implications of the CEO's personal conduct
Numbers that differ
- Nvidia stock drop: The Guardian and TechCrunch report an 8% drop in after-hours trading; TechCrunch adds an 11% drop over five days.
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CadNews does not determine absolute truth or endorse political viewpoints. It compares publicly available reporting, identifies shared facts, highlights framing differences, and flags uncertainty.