{
  "id": 19592658,
  "title": "Asian stocks fragile, Nvidia plummets as board to decide CEO's fate",
  "url": "https://urgent.news/2026/11/12/asian-stocks-fragile-nvidia-plummets-as-board-to-decide-ceos-fate-19592658",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T03:16:50.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40448543/asian-stocks-fragile-nvidia-plummets-as-board-to-decide-ceos-fate"
  },
  "original_language": "en",
  "account": "Asian stocks exhibited fragility as global markets opened on Thursday. Nvidia's shares plummeted after-hours following reports that the company's board may dismiss CEO Jensen Huang. The board convened on Wednesday to deliberate on whether to oust Huang, amid allegations of him having an affair with a suspected Chinese spy and a company executive. Analyst Jake Dollarhide commented that the situation \"looks bad from every single angle\" and believed the board would only oust Huang if a known tech industry figure was appointed to replace him. Nvidia's stock dropped over 8% after the bell, negatively impacting the S&P 500 e-mini futures, which fell by 0.4%. Regional indexes showed improvement, with South Korea's Kospi up 0.2%, Taiwan's shares rising 0.5%, Japan's Nikkei 225 increasing by 0.5%, and MSCI's Asia-Pacific index excluding Japan dropping slightly, dragged down by Hong Kong shares. While Wall Street stocks gained on Wednesday, the S&P 500 recovered 1.3%, nearing a recovery from recent losses since the US midterm elections. The optimism around AI contributed to the rise, with CoreWeave and Anthropic generating positive sentiment, aiding the S&P 500 and NASDAQ rally. The dollar index remained stable at 102.87, its peak since April 2021, following Trump's announcement of tariffs. Bitcoin and ether both experienced minor losses of 0.9%, trading at $73,617.58 and $2,049.44 respectively.",
  "summary": "SINGAPORE: Global stocks wobbled at the start of Asian trade on Thursday, while Nvidia shares plunged in after-hours trading on news that its board may oust longtime CEO Jensen Huang. Nvidia’s board is meeting late Wednesday to decide whether to oust Huang, a source familiar with the matter said, as the world’s dominant supplier of AI processors grapples with the fallout of allegations that he…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "Nvidia Gets Rare Downgrade as Jensen Huang Scandal Weighs on Outlook",
        "url": "https://urgent.news/2026/11/11/nvidia-gets-rare-downgrade-as-jensen-huang-scandal-weighs-on-outlook",
        "published": "2026-11-11T16:49:45.000Z"
      },
      {
        "outlet": "Financial Times",
        "title": "Nvidia board set to meet after revelations Huang had affair with top company executive",
        "url": "https://urgent.news/2026/11/11/nvidia-board-set-to-meet-after-revelations-huang-had-affair-with-top",
        "published": "2026-11-11T22:56:26.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "Nvidia's stock dives as board weighs move to oust Jensen Huang",
        "url": "https://urgent.news/2026/11/12/nvidias-stock-dives-as-board-weighs-move-to-oust-jensen-huang",
        "published": "2026-11-12T00:04:48.000Z"
      },
      {
        "outlet": "VnExpress Business",
        "title": "Nvidia said to be preparing to oust Jensen Huang as second affair reported",
        "url": "https://urgent.news/2026/11/12/nvidia-said-to-be-preparing-to-oust-jensen-huang-as-second-affair",
        "published": "2026-11-12T00:26:57.000Z"
      },
      {
        "outlet": "Motley Fool",
        "title": "Nvidia Board May Vote to Remove Jensen Huang as CEO Tonight. Here’s What Investors Need to Know.",
        "url": "https://urgent.news/2026/11/12/nvidia-board-may-vote-to-remove-jensen-huang-as-ceo-tonight-heres",
        "published": "2026-11-12T01:05:02.000Z"
      },
      {
        "outlet": "Nasdaq Markets",
        "title": "Nvidia Board May Vote to Remove Jensen Huang as CEO Tonight. Here’s What Investors Need to Know.",
        "url": "https://urgent.news/2026/11/12/nvidia-board-may-vote-to-remove-jensen-huang-as-ceo-tonight-heres-19584809",
        "published": "2026-11-12T01:25:02.000Z"
      },
      {
        "outlet": "The Jakarta Post",
        "title": "Asian stocks fragile, Nvidia plummets as board to decide CEO's fate",
        "url": "https://urgent.news/2026/11/12/asian-stocks-fragile-nvidia-plummets-as-board-to-decide-ceos-fate-19589077",
        "published": "2026-11-12T02:00:19.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Asian stocks fragile, Nvidia plummets as board to decide CEO’s fate",
        "url": "https://urgent.news/2026/11/12/asian-stocks-fragile-nvidia-plummets-as-board-to-decide-ceos-fate",
        "published": "2026-11-12T02:01:01.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Asian stocks fragile, Nvidia plummets as board to decide CEO’s fate",
        "url": "https://urgent.news/2026/11/12/asian-stocks-fragile-nvidia-plummets-as-board-to-decide-ceos-fate-19594112",
        "published": "2026-11-12T02:28:15.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Elon Musk says it would be an 'honor' to hire Nvidia's Jensen Huang",
        "url": "https://urgent.news/2026/11/12/elon-musk-says-it-would-be-an-honor-to-hire-nvidias-jensen-huang",
        "published": "2026-11-12T03:25:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}